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?
Menu
Clinical pathology to file 44ad or 44ada
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)
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)
Recent Topics :
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
Related Topics :
CAclubindia
