Presumptive income

Yes, provided other conditions fulfilled.

Thank You Sir.

One more question under what section are they required to file their return in AY-2017-18, 44AD or 44ADA?

Just check is needed here. Nursing homes, multispeciality hospital having set up with beds etc. are covered under business activity and hence can be assessed u/s. 44AD. But doctors doing clinical practice comes under their profession, and they will now be allowed to be assessed under section 44ADA.

Thank You Sir.

As far as I know

Only eligible persons can avail the benefit of Sec 44AD

Eligible Assessee includes:

• An individual.
• Hindu undivided family.
• A partnership firm, but not a limited liability partnership firm. who is a resident

Hence, if Hospital is a constituted as per above stated forms, then only it can avail the benefit of presumptive taxation.

Whereas eligible assesssee under Sec 44ADA includes the following:

Persons engaged in any of the following professions:

• Legal

• Medical

• Engineering

• Architecture

• Accountancy

• Technical consultancy

• Interior decoration

• Other notified professionals

o Authorized representatives

o Film Artists

o Certain sports related persons

o Company Secretaries and

o Information technology