25 August 2022
Mr. X (Not a Doctor) owns a Hospital. He employees Doctors and pays them salary. Does the Income of Mr. X from the Hospital eligible to be taxed U/s 44AD. Or is it considered a Profession to be taxed U/s 44ADA. Please suggest, along with case laws or notifications if any. Thank you in Advance.
25 August 2022
For Non-doctor owner it is a business... Refer: https://abcaus.in/income-tax/non-doctor-running-hospital-not-professional-for-tax-audit-turnover-limit-purpose.html Also refer:: https://www.caclubindia.com/experts/business-or-profession-813595.asp
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