About sec 44ad

This query is : Resolved

CA Shivam Singh (Querist)
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08 December 2015 Sir,
I have income from pathology, can i file ITR 4S or not??
My Gross reciept is below 1Cr.
Please help me regarding which ITR i have to file.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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08 December 2015 Yes you can declare your income u/s 44AD and file ITR 4S unless you have commission income.

CA CS Jainam Shah

CA CS Jainam Shah (Expert)
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08 December 2015 Radiology and Pathology operated by a doctor who is not specialized would be a business.

This view is supported by the Guidance Note on Tax Audit u/s. 44AB of the Income-tax Act, 1961, issued by the Institute of Chartered Accountants of India.

So, you can file ITR 4S by declaring 8% profit of turnover.

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ANKIT AGARWAL

ANKIT AGARWAL (Expert)
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09 December 2015 Every person carrying on Medical Profession is specifically covered u/s 44AA & Not covered under section 44AD.

hence Please Assure that you are not carrying on Medical Profession.