Whether audit is required in case of hospital regd. u/s12AA?
This query is : Resolved
11 February 2010
Hello, i want to know whether audit u/s 44AB ie(Form 3 CD) compliance required in case of hospital registered as a trust u/s 12 AA and claiming exemption u/s 11 & 12?
11 February 2010
yes, in my opinion, running of hospital by a charitable trust is carrying on business.
11 February 2010
Nursing home run by persons other than medical practitioners comes under "business" vide ICAI publication 'Issues on Tax Audit' ,June 2000 edition page 24. Consequently if the gross receipts exceeds Rs. 40/- laks in an year provisions of 44AB attracts.
Message likes :
1 times
14 February 2010
Thanks a lot Mr. B. Chackrapani and CA vijay kumar gupta. for your support.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
