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Pathology Income

This query is : Resolved 
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(Querist)
21 July 2011 Pathology Income is treated as business or treated as profession? Income from pathology business will be audited if above 15 lacs or above 60 lacs?
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
21 July 2011 Pathology lab will be considered as profession and not business. The limit applicable for audit is Rs. 15 Lakhs

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