09 March 2022
Sir, Fees collections income rs:25 lacs in hospital (A0P) registered f.y.21-22. Question: 1.AOP registered person sec 44ada 50 precent profit provision eligible in it act 2.tax calculation normal slab rates applicable 3.fees collections income show procedure in accounting books.
09 March 2022
1 44ADA not applicable for hospital. 2 Normal slab rate applicable in case members of AOP not having taxable income. 3 Show it as service receipt.
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