Is audit compulsory for doctors if inc low than 50%

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Rahul Gupta (Querist)
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15 July 2017 Section 44 ADA effective from financial year 2016-2017 has allowed specified professionals to claim 50% profit.

Section 44 AB says if income is lower than 50% as per section 44 ADA, then tax audit is required.

So in case of doctor
gross receipt is 40 lakh
and he shows income less than 20 lakhs (50% of 40 lakh)

it means he is liable to audit.
Please confirm and advise

Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 July 2017 yup. audit shall apply in this case.

Rahul Gupta

Rahul Gupta (Querist)
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15 July 2017 Since 44ADA is applicable. We need to fill 4S.

But in case capital gain is also there on shares, then ITR3 (business or profession ), return need to filed.

Correct?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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15 July 2017 yes....in that case you would need to fill ITR-3

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