A Doctor fees income rs:16 lacs profit declared 50 percentage rs:8 lacs as per sec 44ada provision in it act f.y.23-24
question:
A Doctor maintained books of accounts compulsory rule 6 f(2) in it act
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Rule 6 f(2) provision applicable for doctors
Replies (1)
In the case of the doctor with gross receipts of ₹16 lakhs and declaring ₹8 lakhs as profit under Section 44ADA, the doctor is not required to maintain books of accounts as per Rule 6F(2). This exemption is provided by Section 44ADA, which simplifies tax compliance for small professionals by allowing them to declare a certain percentage of their gross receipts as income without needing to maintain detailed books of accounts.
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