dear sir/ madam,
A medical Shop income is this a professional income or business income?
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Medical Shop
Replies (2)
business income as you are supplying goods I e. medicine and doing trading.
in profession there's no supply of service which requires specified skills
in profession there's no supply of service which requires specified skills
this isa business income ...and you can opt for preassumptive taxation system u/s 44AD if your t.o. does not exceeds 2 crore INR..
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