About this document

Tax Advice for Medical Professionals and NR Status by chaithanya.pulugurtha is a document available to read on EtoBox.

Dr. X, a medical practitioner with gross receipts of ₹40 Lakhs and a medical shop turnover of ₹90 Lakhs, can opt for both Section 44ADA for his professional income and Section 44AD for his business income simultaneously, provided he maintains separate records. For his professional income, the deemed income will be ₹20 Lakhs, and for his medical shop, it will be ₹7.2 Lakhs (or ₹5.4 Lakhs if received digitally). Additionally, Mr. X

Author

chaithanya.pulugurtha

Language

EN