23 May 2011
Whether Incomes of Doctor now assessable under section 44 AD if Gross Receipt below 60 lakhs ? I found this somewhere, and me not sure on this as Doctors' Gross Receipt is professional and not business income. Please help me out.
23 May 2011
Section 44AD is a special provision for computing profits and gains of business.The income of a doctor, unless he/ she is running a nursing home / hospital of his /her own,is income from profession and hence provisions of section 44AD will not apply.
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