Business or profession
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 May 2016
Clinical Lab Running by Qualified person is treated as Business or Profession, if profession is maintenance of book of account is compulsory
04 May 2016
As a professional Income. maintenance of book of account depends on turnover.
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
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Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
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05 May 2016
1. It is a non-specified PROFESSION.
2. No need to maintain books of accounts if income is not > 1.20 lacs OR turnover is not > 10 lacs .
2. No need to maintain books of accounts if income is not > 1.20 lacs OR turnover is not > 10 lacs .
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