CA Neha Agrawal (CA) (830 Points)
14 November 2015Dcotors are supposed to get Compulsory tax audit if professional receipt exceeds Rs. 25 lacs in a year.
Can a doctor running his clinic/ hospital be exempted from compulsory tax audit by treating this clinic/ hospital as his business & not professional service?
CA. Abhishek K. Pandey
(Manager (Advance))
(901 Points)
Replied 14 November 2015
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 19 November 2015
Yes, tax audit cannot be avoided.
Just to add, most of the clauses of tax audit report would generally not be applicable for an individual. So, there is basically no harm in issuing a tax audit report for a doctor assessee.
Regards,
Dipjyoti
CAclubindia
