salary or busness income confused
This query is : Open
03 March 2009
Respected,
my friend is a doctor and he working with some hospital,
he does not invest anly money in that hospital and he work there at partnership, when he attent anly patient the money they receive from that patient 70% is goes to my friend and 30% goes hospital, some time he got call from other hospital where he vist and receive money.
please suggest, is that income is taken as salary income or business income.
thanks in advance
Regards,
Naresh Kansal
my friend is a doctor and he working with some hospital,
he does not invest anly money in that hospital and he work there at partnership, when he attent anly patient the money they receive from that patient 70% is goes to my friend and 30% goes hospital, some time he got call from other hospital where he vist and receive money.
please suggest, is that income is taken as salary income or business income.
thanks in advance
Regards,
Naresh Kansal
03 March 2009
Its basically in nature of Professional/consultancy Charges. Exact Nature of Income from hospital will depend on the terms of agreement between them.
04 March 2009
Yes, Tarun is correct.
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04 March 2009
there is no such agreement between them they only said 70% is yours and 30% is for us.
04 March 2009
Then it is like partnership. Incomes to be charged under PGBP.
20 March 2009
if it is partnership than can my frd claim examption for petrol expenses or any other expenses which he incure eg:- car petrol exps. to reach hospital etc.
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