30 July 2013
one of my relative is a doctor who is running its own clinic and also done some operation cases of patients in 1 hospital from where she is getting fees from that hospital. she is not covered in tax audit. she is not maintaining any books of accounts.....is this right for a doctor....???? and which itr should b filed ITR 4 or ITR 4S ???? in her case.......... plz reply thnks in advance
30 July 2013
doctors cover under specified person U/.s 44AA it is required to maintain books of a/c if his receipts rs. 25.00 lacs then you have to file audit report u/s 44AB other wise u/s 44AB 1% of turnover or 150000/- for non audit penalty and 25000/- for non maintenance of books of accounts penalty shall be imposed