A PERSON IS IN BUSINESS OF MEDICAL HOSPITAL, GROSS RECEIPT FOR THE YEAR WERE 78,00,000/-(APPROX.), OUT OF WHICH 52,00,000/- WERE PAID BY GOVT. UNDER NATIONAL INSURANCE SCHEME U/S 194J AND TDS WAS DEDUCTED FOR THE SAME U/S 194J, CAN HE OPT FOR DECLARATION OF HIS INCOME UNDER SECTION 44AD SINCE HE IS NOT AN QUALIFIED MEDICAL PROFESSION AND IS IN BUSINESS OF HOSPITAL?
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Applicability of 44ad
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"CAN HE OPT FOR DECLARATION OF HIS INCOME UNDER SECTION 44AD SINCE HE IS NOT AN QUALIFIED MEDICAL PROFESSION AND IS IN BUSINESS OF HOSPITAL?" Yes, if he is proprietor of the hospital.
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