Sec 44ada or sec 44ad applicable
This query is : Resolved
30 November 2021
Sir,
If a person running a private hospital (not a doctor) Gross receipts rs:48 lacs.
Question:
Sec 44ada or sec 44ad applicable in it act.
If a person running a private hospital (not a doctor) Gross receipts rs:48 lacs.
Question:
Sec 44ada or sec 44ad applicable in it act.
30 November 2021
YOU CAN OPT FOR 44 ADA , your income will be computed on basis of 50% of gross receipts , but you have to pay advance tax before 15th March under presumptive and not required to maintain books of accounts .
04 December 2021
As per me hospital cannot opt for 44ADA as in 44ADA it is given as specified profession but hospital also provides various other services also
kindly correct me if I am wrong
13 December 2021
44ad could be opted for, if eligible.
As I understand, 44ada may not apply here because it is a business (not a profession)
As I understand, 44ada may not apply here because it is a business (not a profession)
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