Sharing profit with hospital after deduction of TDS does effect tax
23-Feb-2023 (In Tax Law)
I have tied up with pvt.ltd.hospital for running pharmacy on profit sharing basis. At the end of every month i gove profit to hospital after deducting t.d.s...do i get any incometax objectin in this model?
Dear sir
We have read your question but you have not mentioned following details to guide you.
1.Whether you are a Individual or Firm or company.
2.Further What is Agreement between you and Pvt.Limited Hospital?
3.Further In which Mode you are paying to hospital like commission basis or profit sharing basis that can be known to us by agreement between both of you.
4.Further What is the Objection from Income Tax?
5.Further Discribe the full model of your Business with the Company.
As we do not have all these answers so we do not answer you properly so just share all these details so that we can guide you properly.
Thanks
We have read your question but you have not mentioned following details to guide you.
1.Whether you are a Individual or Firm or company.
2.Further What is Agreement between you and Pvt.Limited Hospital?
3.Further In which Mode you are paying to hospital like commission basis or profit sharing basis that can be known to us by agreement between both of you.
4.Further What is the Objection from Income Tax?
5.Further Discribe the full model of your Business with the Company.
As we do not have all these answers so we do not answer you properly so just share all these details so that we can guide you properly.
Thanks
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