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
Menu
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.
Recent Threads
- My client purchases Rs. 3 crores and his turnover
- Regarding CA foundation Exemption (Direct Entry Sc
- CFSS Scheme
- Transfer of ITC from individual to LLP
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
Related Threads
CAclubindia
