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Save tax on a doctor's income
I wanted to know that if a Doctor is having Income from both salary and from professional services(consultancy) then what are the ways the doctor can save maximum tax on the income from professional services.
Replies (3)
** Salary will be taxable as per Form 16 provided by the Employer.
** You can claim of deduction of 50% of the total gross receipts of the professional income (Refer to Sec 44ADA)
Thanks & Regards
Piyush Tanwar
CA FInalist & Internal Auditor
Mobile - 9717468521
AGREE WITH ABOVE
EVEN MORE YOU CAN SAVE BY PREPARING ACCOUNTS AND BALANCE SHEET
Agree with Manoj
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