Non profit organisation
This query is : Resolved
Bijoy Jacob
(Querist)
19 August 2017
Our hospital is a non profit organisation providing free treatment to 25% of our patients. The main source of income is indoor and outdoor service charges and sale of medicines from the pharmacy. Since we procure medicines at very competitive prices, we are able to sell at minimum 10% discount on MRP and still get a high profit margin. We have 12A registration. Is there any maximum limit on the amount of profit that the hospital can make?
CA Rashmi Gandhi
(Expert)
20 August 2017
No such limit is there..................
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