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Taxibility of professional income
A doctor (practicing), earned income of rs 500000/- and other income of rs 100000/- - i wanted to know how the above income will be taxable, whether required for any audit or by simply preparing B/s and file ROI.
Replies (1)
Directly u can file return, no audit is required..if gross receipts exceeds 25 lacs, then tax audit is required.
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