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Query urgent

CA. Vishal Nankani (Professional) (46 Points)

25 April 2014

Dear All, A Doctor by Profession is rendering services as consultant to IT Company .Is he exempted from Service Tax? Please Revert as its little urgent?

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6 Replies

shivaji prasad bhimavarapu (CHARTERED ACCOUNTANT) (2391 Points)
Replied 25 April 2014

If the servies of Doctor in his capacity as a doctor, then exempted.

CA. Vishal Nankani (Professional) (46 Points)
Replied 25 April 2014

But the Services being rendered by the doctor are to a IT Company.

As its mentioned it should be to a clinical establishment ?

Please confirm

pawan tewari ( ) (544 Points)
Replied 25 April 2014

Medical service, health care and veterinary service are covered under exemption list in service tax.... Here to whom such service is provided is irrelevant....

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pawan tewari ( ) (544 Points)
Replied 25 April 2014

And read it carefully once again ...it written by clinal establishment, (comma) an authorised medical practitioner ie., doctor in your case... comma is for continuation of subject matter....

kanika jain (none) (36 Points)
Replied 26 April 2014

if the service of doctor ptovided is provided in the capacity of doctor then it is exempted ..

yash (B.Com) (21 Points)
Replied 26 April 2014

Dear sir

In commodity & currency future tading under section 44ad Clause of 8% of profit of the turn over as per section 44ab is applicable and if other wise loss , below the threshold 8% ,audit necessary .How the turn over in currency future is reckoned and about taxation in case of currency future.If one had traded in ncdex commodity & currency future is it speculative or not .Is there any latest development for speculative / non speculative trading in ncdex .NCDEX is recognised or not.

thax

yash