Tax audit applicability on hospitals
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 September 2014
Dear All
One of my client is having Business of Running Hospitals and legal Status is Company from it Doctors are been hired on employment Term basis , So Basically my Queries is Relating to whether I am suppose to see the Thresshold Limit u/s.44 AB of Rs. 25 Lacs as applicable for Profession or Rs.1 Crore as applicable for Business for Deciding applicability of TAX AUDIT for the Current Financial Year .
One of my client is having Business of Running Hospitals and legal Status is Company from it Doctors are been hired on employment Term basis , So Basically my Queries is Relating to whether I am suppose to see the Thresshold Limit u/s.44 AB of Rs. 25 Lacs as applicable for Profession or Rs.1 Crore as applicable for Business for Deciding applicability of TAX AUDIT for the Current Financial Year .
Nikhil Kaushik
(Expert)
25 September 2014
it will be considered as a business. Rs 1 cr limit will apply
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