A Doctor receive professional fees from hospital. Hospital deducted tds on the same. Can doctor claim mobile exp, Car petro, Car Dep, & interest on car from the professional fees? & if he fill Form IV for income tax return, is it compulsory to fill balance sheet. can he fill only profit & loss instread of balance sheet & p&l both.
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Dedution of expenses in case of doctor
Replies (2)
As per sec. 44AA, if gross receipts from profession
As per sec. 44AA, in case of profession, if gross receipts exceeds RS. 1.5 lacs in any of P/Y immediately before relevant P/Y
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