PLS TELL ME WHETHER THE NURSING HOME INCOME WHICH ALSO RUNS THE MEDICAL SHOP IS TREATED AS BUSINESS INCOME OR PROFESSIONAL INCOME.
3 Replies
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 18 December 2009
Business Income in the hands of Nursing Home.
Max Payne
(employed)
(2569 Points)
Replied 18 December 2009
40,00,000 limit will be determined by summing both business. If the combined turnover or gross receipts crosses limit, 44AB wil be applicable
Recent Topics
Related Threads
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
