KARTHICK NAGARAJAN (STUDENT) (126 Points)
09 November 2010Dear all,
kindly help me in this case
My client is a Doctor and also Proprietor of Scan Centre. His income is above 15 lakhs. May i argue the consulting fees (ie) Professional income is below 10 lakhs and the balance is business income inorder to avoid Tax Audit.. kindly explain with case laws.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 21 December 2010
consultation fees through scan centre must have been routed through accounts, go in depth for same .
CA PARAS BAFNA
(Practising CA )
(33423 Points)
Replied 21 December 2010
In my opinion to run a scan centre can also be included as a profession as it requires specialised knowledge. To report on a Scan can not be told as a business as it requires opinion of a qualified professional.
CAclubindia
