01 April 2018
I am a doctor running ultrasound clinic. My turnover is approx 1 crore per annum. Can I file return under 44AD showing income at 8% of turnover. Alternatively can I file return under 44ADA showing income at 50% of turnover. In this case can I claim rent, salary, electricity, raw material etc as expenditure.
02 April 2018
1. 44AD is not applicable since ultrasound clinic run by a doctor is not an 'eligible business' defined therein,but exercise of medical profession.
3. 44ADA is also not applicable since the professional receipts > the applicable limit viz.,Rs. 50,00,000/-
02 April 2018
I think yes...
You can declare u/s 44ad for your business related activities except your service...
Your service receipts will be declare under sec 44ADA and All other receipts will be declare under sec 44AD...
02 April 2018
you are earning income in professional capacity as doctor i.e. medical professional. you can not opt for 44ad. And your receipts exceeds 50 Lakhs so you are out of 44ada also
02 April 2018
All hospital receipts not under the head of professional incomes... Doctor's service related income will be x
calculated under purview of professional head. Other hospital related incomes will declared under Business head...
CAclubindia
