Tag Archives: #IndianDoctors

Is statutory audit required for Doctors?

Statutory Audit Required for Doctors In India, Statutory Audit Required for Doctors unless their gross receipts or turnover from medical practice exceed the prescribed threshold limits. Doctors and other professionals are primarily subject to tax audits under section 44AB of the Income Tax Act if they meet certain financial criteria. If a doctor’s gross… Read More »

Are Doctors subjected to tax audits?

Are Doctors Subject to Tax Audits Are Doctors subject to tax audits:- Yes, doctors in India can be subject to tax audits under certain circumstances. Tax audits are conduct to ensure that taxpayers are accurately reporting their income, deductions, and other financial transactions. For doctors, the threshold for mandatory tax audit is applicable if their… Read More »