Pathology lab
This query is : Resolved
20 November 2019
Whether a pathological lab run by a partnership firm (5partners, all are doctor, but not a pathologist 2 dr are Anesthesiologist and one are surgeon and 2 are MD medicine in that case this partnership is Business or Profession for the purpose of declaring presumptive income under the Income Tax Act.
CA R SEETHARAMAN
(Expert)
20 November 2019
Service rendered by the firm is professional services so it will fall under profession.
20 November 2019
Sir but no one dr is pathologist in firm. Firm will be appoint pathologist on salary basis?
26 November 2019
The firm is carrying on medical profession, i.e., the services provided by the firm are of medical nature. The fact that the firm is providing pathology services and none of the partners is a pathologist is not relevant for income-tax.
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