Professional fees - under which head of income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2013 Sir,

My brother is doctor. He is not practicing but he visits hospitals and clinics and he get professional fees from there. So this professional fees will be charged under head income from business or profession or it will be charged under the head income from other sources.

If it will be charged under income from business or profession then can i file a return U/s 44AD @ 8% on gross receipts.

Thanks

CA ABHAY GUPTA

CA ABHAY GUPTA (Expert)
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31 January 2013 He has to file his return under the head pgbp...no he cannot file his return under section 44AD.. he has to file itr4 for this...

CS, Deepak Pratap Singh

CS, Deepak Pratap Singh (Expert)
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31 January 2013 Dear Friend, The nature of income depend upon the agreement with the hospitals, some are considering it as salary and some are considering as profession fees. You can charged it as income from business or profession if received as professional fees.He can not be assessed under section 44AD. Thanks

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Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2013 Thanks all

Can he claim expenses like travelling, telephone etc which he has incurred for earning that income?

And is it necessary to fill balance sheet and P/l in ITR-4 if he is not liable to maintain books of accounts.