Dcotors are supposed to get Compulsory tax audit if professional receipt exceeds Rs. 25 lacs in a year.
Can a doctor running his clinic/ hospital be exempted from compulsory tax audit by treating this clinic/ hospital as his business & not professional service?
Yes, tax audit cannot be avoided.
Just to add, most of the clauses of tax audit report would generally not be applicable for an individual. So, there is basically no harm in issuing a tax audit report for a doctor assessee.
Regards,
Dipjyoti
CAclubindia
