Compulsory accounts and records maintenance by doctors for saving tax.

摘要

Under the Income-tax Law, it is mandatory on the part of a medical practitioner to maintain accounts. Such Books of Accounts and other documents may enable theAssessing Officer to compute his total income in accordance withthe provision of Income-tax Act, 1961 US/44AA. Rule 6F of the Income-tax Rules, 1962 gives details of the Books of Account and other documents. Apart from maintaining the Books of Account he is also required to maintain a Daily Case Register in Form No 3C as also an inventory under broad heads as on the first and last dates of the previous year of the stock of drugs and medicines and other consumable accessories used for the purpose of his profession.