Selling of medicines transaction professional service purpose income treatment allowed

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Kollipara Sundaraiah (Querist)
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03 September 2024 Sir,
A Doctor maintained a dental clinic and selling of medicines in pharmacy Stores turnover rs:50 lacs below opt presumptive scheme itr returns filed.but assessess selling of medicines transaction professional service used purpose income treatment in itr returns allowed or not

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 September 2024 Professional services can be declared u/s. 44ADA IT act. But he has to declare pharmacy business under normal assessment.

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Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
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03 September 2024 sir,
medicines all transactions business expenses claimed in sec 44 ada itr show allowed or not.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 September 2024 Yes, allowed if aggregate receipts are declared u/s. 44ADA IT act.

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