Turnover Limit u/s 44 AB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2011
What is the turnover limit u/s 44 AB in case of a Doctor having a Nursing Home, whether it is 10 lakhs or 40 lakhs ?
Please quote any case laws in support.
Please quote any case laws in support.
17 January 2011
Quote from page 24 of ICAI Publication viz., Issues on Tax Audit.
"If the nursing home is run by medical practitioner's who are also carrying their medical practice at that place it is possible to argue that the assessee is carrying on profession".
"If the nursing home is run by medical practitioner's who are also carrying their medical practice at that place it is possible to argue that the assessee is carrying on profession".
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