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.
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.
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.
CAclubindia
