Computer diagnostics laboratory and xray
This query is : Resolved
19 May 2019
SIR,
LAB AND XRAY IN ITR FORM 4 AS 44 ADA,
SO, WE NEED TO DECLARE 50% OF GROSS RECEIPTS AS INCOME RIGHT?
LAB AND XRAY IN ITR FORM 4 AS 44 ADA,
SO, WE NEED TO DECLARE 50% OF GROSS RECEIPTS AS INCOME RIGHT?
20 May 2019
Yes.... You are right if the Technician is a certificate oriented person.
20 May 2019
44ADA not applicable for diagnostic lab and x ray. 44AD applicable if turnover is less than 2 crore.
20 May 2019
my case is only 10 lakhs gross receipts, but in itr form the business code for diagnostics is only in 44ada sir, so , what income need to disclose as net income sir, 8% of receipts or 50% of receipts?
20 May 2019
What is your actual net income and are you a doctor.
Are you earning 50% profit on turnover.
Are you earning 50% profit on turnover.
20 May 2019
Sir,
He was a private laboratory runner, the name of the properitor is not a technician, but his wife as a technician . For IT purpose only he wants to file return , last year his income is only 385000/- and also turnover declared only 7.4 lakhs.
He was a private laboratory runner, the name of the properitor is not a technician, but his wife as a technician . For IT purpose only he wants to file return , last year his income is only 385000/- and also turnover declared only 7.4 lakhs.
20 May 2019
Then it will fall under business, 44AD only applicable, declare 8% profit or more.
20 May 2019
O.K THANKS SIR,
BUT BUSINESS CODE WHICH ONE CAN SELECT SIR?
BUT BUSINESS CODE WHICH ONE CAN SELECT SIR?
20 May 2019
Select diagnostic center 18004
20 May 2019
Sir.,
Lab & Diagnostic person is Ceritified then he fall under professional nature.
Lab & Diagnostic person is Ceritified then he fall under professional nature.
20 May 2019
The operator of the lab is not technician see the above reply. He should be professional defined under section 44ADA. Technician not a professional as per 44ADA.
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