Doctor Running a Pathology Testing Lab
This query is : Resolved
26 July 2008
A Doctor is running a Pathology Testing lab. His receipts during a year is 25 Lacs.
Will be liable to Tax Audit under 44AB.
In case he is not liable can you court some decided cases in this favour
Will be liable to Tax Audit under 44AB.
In case he is not liable can you court some decided cases in this favour
26 July 2008
Dear Neeraj,
Tax Audit is Applicable.
Yatesh
Tax Audit is Applicable.
Yatesh
26 July 2008
Can any one else solve this
26 July 2008
A pathologist engaged running the testing lab is definitely engaged into the medical profession. The gross receipt limit for tax audit u/s 44AB shall be Rs 10lacs. A pathologist no doubt applies his skills acquired as a result of his education and the analytical ability which is implied as per his qualification and a normal man can not do so.
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