Income tax return in case of doctors

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Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2013 hi
good evening
By profession I am consulting dentist.
Now i want to file ITR.
So can i file ITR 4 as profession without books of a/c.
Is there any compulsion on Doctors to maintain books of a/c.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

25 June 2013 Yes sir, it is compulsory to maintain Books of Accounts in your case in such a way that that enables the AO to compute your Total Income.
.
Also, there are certain prescribed records like Daily Patient Register, which are to be compulsorily maintained.
.
ITR4 is ok. But no books of Account case does not apply to your case.
.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2013 Thanks paras sir,
So can file ITR 4 In Following format
Gross recipt
Gross Profit
expences
Net profit.
As profession without books of account

CA. RAGHAV GARG

CA. RAGHAV GARG (Expert)

25 June 2013 Dear Doctor, it is must for Medical Practitioners to maintain there books of accounts and prepare balance Sheet.

The columns u mentioned are for those who are not required to maintain books of accounts but not in your case.

You better consult a C.A. and prepare a Balance Sheet

CA. Raghav Garg
raghav@ggassociates.in

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