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BUSINESS INCOME with PROFESSION, Income Tax

Issue Id: - 115435
Dated: 17-9-2019
By:- RAHUL GAIKWAD
BUSINESS INCOME with PROFESSION

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Hello, My Client is Doctor and Doing Trading Business of Medical, his Profession turnover is 25 lakh and net profit is 15 lakh (60%) business turnover is 60 lakh and net profit is 7 lakh (11.66%)

So Can I file IT Return under 44ad and 44ada simunltaneouly.? without maintening books of account

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Showing Replies 1 to 2 of 2 Records

1 Dated: 22-9-2019
By:- DR.MARIAPPAN GOVINDARAJAN

Whether doctor is allowed for trading?


2 Dated: 23-9-2019
By:- RAHUL GAIKWAD

No one is restricted for trading under income tax act, Doctors act also allows to doctor for trading....


1

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