Tag: Assessment

[ad_1] Income tax assessment issues of private hospitals, nursing homes etc. Auditing requirement for private hospitals, nursing homes etc. When the total income of an entity for the previous year exceeds the maximum amount not chargeable to income-tax in respect of the following entities (irrespective of the exemptions available under the provisions referred to against such entity), the entity’s Must have his accounts audited in Form 10BB. Section 10(23C) refers to (via) hospitals and other medical institutions (other than those sponsored wholly or substantially by the Government or having an…