Dear sir my turnover is 3000000 my business is medical hospital and my profit for 8 presente or 6 persant my ca audit fir advise for compulsary audit.please sagest me.
and ya sara sec kab lagu hota h.
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sec 44ad ,sec44ae,44bb,44,bbb
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This is the glitch of the CPC as not included 'nursing home' as business....... but by mistake as 'profession' ..........
Having medical hospital doesn't categorise u under professional. So sec 44AD applies if you choose Presumptive taxation. And the profit 6%/ 8% depends on how your are receiving the amounts. If the receipts are through bank then 6% will apply. Otherwise 8% to be declared as ur profit.
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