24 March 2016
hello experts; I want to know how to e file it return of a doctor who is having his own clinic and also working in a private hospital which itr form would be applicable to him and how to prepare his financial statements plz reply
25 March 2016
ITR-4 has to be filed, prepare income statements i.e profit and loss account and balance sheet. If doctors work on consultation basis that can also be considered as professional income.
If doctors appointed in the roll of company than that income to be considered as salary income.
If Income exceed more than 25 lakhs from profession liable for tax audit.
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