Laboratory Income

This query is : Resolved 

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This discussion explores whether laboratory income can be declared under Section 44ADA of the Income Tax Act. It confirms that a laboratory owner with a Diploma in Medical Laboratory Technology (DMLT) can indeed opt for this presumptive taxation scheme. The income would typically be classified under 'Medical Services'.

10 July 2024 Can we declare laboratory income u/s 44ada ?
and if yes then under Medical Services or Technical Services ??

10 July 2024 Who is the owner of the lab? what is his qualification?

10 July 2024 Diploma in Medical Laboratory Technology (DMLT)

10 July 2024 Yes, can opt for sec. 44ADA , as medical services


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