19 March 2008
Doctor is a professional and therefore as per Sec 44 AB tax audit will get covered if total receipt during the year exceed Rs. 10 Lacs.
If it is a firm and if all the partners are Doctors then as i said earlier the limit of Rs.10 lacs will be applicable. But if one of tha ertner is not a Doctor then it becomes a business and Tax audit will get covered only if the receipts cross 40 lacs.
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