Gross Receipt of Doctors

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Ankit Tantia (Querist)
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23 May 2011 Whether Incomes of Doctor now assessable under section 44 AD if Gross Receipt below 60 lakhs ? I found this somewhere, and me not sure on this as Doctors' Gross Receipt is professional and not business income. Please help me out.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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23 May 2011 Doctors' Gross Receipt is professional and not business income and so tax audit limit is Rs. 15 lakhs.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 May 2011 Section 44AD is a special provision for computing profits and gains of business.The income of a doctor, unless he/ she is running a nursing home / hospital of his /her own,is income from profession and hence provisions of section 44AD will not apply.

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Ankit Tantia

Ankit Tantia (Querist)
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30 May 2011 thanx a lot sir...... actually.. i found this information on a site.........neway thanks for clarification........

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