I am a doctor and running a clinic and work in private hospital i have received Rs.18,00,000/- from private clinic along with TDS and Rs.12,00,000/- as cash from a clinc and total turnover passes Rs. 30,00,000/- can i file my IT Accounts in ITR -4 and goes in 50% Professional Tax Us 44ADA and pay the tax ( I want to know whether professional fee above 20,00,000/- any tax will avail )
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Professional fee above 20,00,000
Replies (5)
Under which section TDS deducted by Hospital ?
Last AY how have you shown these incomes
Last AY how have you shown these incomes
You can file Itr-4 u/s 44ADA if gross receipts doesn't exceeds 50 lacs & show profit above 50% of gross receipts. Tds shall be deducted u/s 194j by the hospital.
good clarification and information
if private clinic pays you as salary then show accordingly.
good clarification and information
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