According to Income Tax rule, Proprietorship Nursing Home is a profession as it is an individual's medical profession. But a Partnership Nursing Home is Business or Profession? Is there any clear provision in Income Tax regarding this matter ?
According to Income Tax rule, Proprietorship Nursing Home is a profession as it is an individual's medical profession. But a Partnership Nursing Home is Business or Profession? Is there any clear provision in Income Tax regarding this matter ?
But judgement given in following cases that Partnership Nursing Home is business:
Shalini Hospitals vs. Asstt. Cit on 26 May 2006
Chaurasia Nursing Home Chipi (Dr.) vs. ITO
So, please tell me whether a partnership nursing home is business or profession ?
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