Sec 44ada or sec 44ad applicable

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Kollipara Sundaraiah (Querist)
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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.

B Sathyanarayanan

B Sathyanarayanan (Expert)
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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 .

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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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

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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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)

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