PLS TELL ME WHETHER THE NURSING HOME INCOME WHICH ALSO RUNS THE MEDICAL SHOP IS TREATED AS BUSINESS INCOME OR PROFESSIONAL INCOME.
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INCOME FROM NURSING HOME
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Business Income in the hands of Nursing Home.
WHETHER 4000000 LIMIT APPLY
40,00,000 limit will be determined by summing both business. If the combined turnover or gross receipts crosses limit, 44AB wil be applicable
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