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Sec 44AD and 44ADA complications
Can a doctor who is also running a medical declare his income under both the sec 44AD( in case of income from medical) as well as Sec 44ADA(professional fees from hospitals)....???
Replies (5)
yes you can.. as far as you registered them separately...
Sir, could you please elaborate as i didnt understand
medical business should have been separately and separate books and separate bank accounts should have been maintained for each business
But Sir books need not be maintained if income is to declared under these sections
| Originally posted by : rolwin rodrigues | ||
 |
But Sir books need not be maintained if income is to declared under these sections |  |
YES books need not to be maintained but still one need to keep track of his sales/professional receipts ... so keep track of bussiness (medical store ) sales recipts separately from your professional receipts as medical store receipts/turnover will be assessed under 44AD and professional fees from hospitals will be assessed under 44ADA ...
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