Nursing home taxation

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article assistant
501 Points Posted on 06 July 2023
a lady doctor runs a nursing home under proprietorship
how to account the transaction and what is the turnover limit of audit
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On 06 July 2023 at 18:14 Report
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This discussion addresses the taxation of a nursing home run as a proprietorship by a doctor. It clarifies that a doctor's income is typically classified as professional income, with an audit turnover limit of 50 lakhs. Further details on accounting transactions and specific requirements are sought.

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"Do the Right Thing...!!!"
128157 Points Posted on 06 July 2023
Doctor's income classified under professional income. Then the limit is 50 lakhs..
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On 06 July 2023 at 18:51
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Profession
28271 Points Posted on 06 July 2023
Pls post details
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On 06 July 2023 at 21:11
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"Do the Right Thing...!!!"
128157 Points Posted on 06 July 2023
Read the query again and again. After U can get details...
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On 06 July 2023 at 21:39
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Profession
28271 Points Posted on 06 July 2023
This is not all sufficient.
First understand the query then post.
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On 06 July 2023 at 22:47

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