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Clinical pathology to file 44ad or 44ada

Others 3194 views 2 replies

My friend who is BSC DMLT and not Doctor running Clinical pathology lab who used to purchase reagents and kits for testing. Is his Lab comes under business or profession?

Replies (2)

Profession; can opt for Sec. 44ADA of IT act...

it's under profession income.
under code - 18005

Your friend can opt section 44ADA presumptive taxation under which no books of account required. ( subject to Gross Receipts below 50 lakhs)


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