Uday Prasad (Article Assistant) (24 Points)
11 July 2016
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 11 July 2016
you want to calculate both income and income tax on income earned by doctor
you have to prepare trading account and profit and loss account for trading activity
and income and expenditure account for medical practice
Dinesh Mertiya
(PROFESSIONAL)
(761 Points)
Replied 11 July 2016
Sum of Net profit (from profit and loss account) and surplus (from income and expenditure account) is total income of the doctor for purpose of tax calculation
ramesh
(article assistant)
(37 Points)
Replied 15 July 2016
You need to prepare Income & expenditure a/c and calculate Surplus or deficit
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
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