Income Tax Provisions for Doctors (114 Views)
Section 44AA of the Income Tax Act prescribes that the medical professionals shall maintain the books of accounts so that their total income could be computed by the Income Tax Officer.
Following books of accounts have been prescribed by Rule 6F in respect of medical practitioners:
Carbon copies of bills
A Daily Case Register in Form No. 3C
Inventory Register showing stock
Conclusion, there are a lot of complications for which medical practitioners need to spare some time out of their busy schedule.
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