INCOME TAXABILITY FOR GOODS & SERVICES

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This query is : Resolved

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A doctor providing both consultancy services and selling medicines can utilise presumptive taxation schemes. Section 44ADA applies to the consultancy income, while Section 44AD can be used for the sale of medicines. This allows for simplified tax filing based on presumed profits.

devendra gite

devendra gite (Querist)
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20 March 2021 HELLO
SKIN & HAIR SPECILIST DOCTOR IS PROVIDING CONSULTANCY SERVICES & ALSO SELLING MEDICINE
CAN HE FILE ITR SHOWING 8% PROFIT ON SELL OF MEDICINE & 50% PROFIT ON SALES OF CONSULTANCY SERVICES IN RELATION TO HAIR & SKIN AS PER SECTION 44AD & 44ADA
PLEASE ADVICE

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 March 2021 Yes, he can opt 44AD for medicine sale and 44ADA for his service.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
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20 March 2021 Yes he can opt both 44AD & 44ADA.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 October 2021 Sub-Sec 44AD(6) Stats.... The provisions of this section, notwithstanding anything contained in the foregoing provisions, shall not apply to—
(i) a person carrying on profession as referred to in sub-section (1) of section 44AA;
(ii) a person earning income in the nature of commission or brokerage; or
(iii) a person carrying on any agency business.

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