Presumptive income
Yugal Gupta (student) (62 Points)
08 October 2016
Can Nursing Homes and Speciality Hospitals file under Presumptive Income? (44AD or 44ADA)
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193915 Points)
Replied 08 October 2016
Yes, provided other conditions fulfilled.
Yugal Gupta
(student)
(62 Points)
Replied 10 October 2016
Thank You Sir.
One more question under what section are they required to file their return in AY-2017-18, 44AD or 44ADA?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193915 Points)
Replied 10 October 2016
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.
CA Gyati Gupta
(In Practice)
(9357 Points)
Replied 11 October 2016
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
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