Business or profession
Querist : Anonymous
What if a individual running a hospital in proprietorship.
IN CASE OF A CO IT WILL B TREATED AS BUSINESS
CA MANOJ GUPTA
JODHPUR
09828510543
Querist : Anonymous
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".
Dr. Deepak Assudani v. ITO (2009) 29 (II) ITCL 527 (Del ‘E’-Trib) : (2009) 26 DTR (Del-Trib) 454
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