08 November 2011
In Dr. Deepak Assudani v. ITO (2009) 29 (II) ITCL 527 (Del ‘E’-Trib) : (2009) 26 DTR (Del-Trib) 454 IT WAS HELD THAT income from running of hospital was liable to be treated as activities of carrying out business. Consequently, since total receipts do not exceed Rs. 40 lakhs, assessee was not liable for tax audit and provisions of section 40(a)(ia) were not applicable. IN CASE OF A CO IT WILL B TREATED AS BUSINESS
CA MANOJ GUPTA JODHPUR 09828510543
Querist :
Anonymous
Querist :
Anonymous
(Querist)
08 November 2011
What if individual running a hospital in proprietorship (individual is a doctor).
09 November 2011
Question :- Doctor running hospital as proprietor?
Observation :- It is a vexed issue. Extract from 'Issues on tax Audit' a priced publication of ICAI is given below.
"If the nursing home is run by medical practitioners who are also carrying on their medical practice at that place it is possible to argue that the assessee is carrying on profession. Alternatively, it is a case of composite activity of business and profession".
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