Nursing home

ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)

24 October 2018

Nursing home icome is business income or professional income, please clarify

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rama krishnan (12244 Points)
Replied 24 October 2018

it can be either business or professional income depending upon the nature of set up

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ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)
Replied 24 October 2018

What means nature of set of nursing home

rama krishnan (12244 Points)
Replied 24 October 2018

if it's proprietary business then it can be either business or professional

rahul (a) (1620 Points)
Replied 24 October 2018

it doesnt matter whether business or prof.

ANIL KUMAR KHETAN (PROPRIETOR) (542 Points)
Replied 25 October 2018

It is matter for presumptive scheme taxation 8% or 50% of receipts

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