Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 July 2017 Does income from running a medical laboratory come under 8% or 50% under the section 44 ad, I mean to ask whether income from running a medical laboratory is treated as business or professional income
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RAJA P M

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RAJA P M (Expert)
29 July 2017 Business..........
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Querist : Anonymous

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Querist : Anonymous (Querist)
29 July 2017 Thank you, but please let me know the code I have to select in the nature of business in ITR 4 For medical laboratory
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 October 2021 Its professional income ... code 18005
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