In case of Doctor or Medical 1, Format for Computation of Income from Profession Ph Professional Receipts: 1. Operation fees xx 2. Consultation fees xx 3. Visiting fees xX 4. Sale of medicines xX 5. Gifts received from patients for professional services rendered xx 6. Examiner's fees xx 7, Remuneration received for writing articles in journals xx 8. Special medical camp remuneration xx Total Professional Receipts 0K Less: Professional Expenses: 1. _ Rent, Light, Water charges, salary to staff, telephone expenses of clinic or hospital xx 2. Cost of medicines are determined in two ways L a. Tfaccounts are maintained on cash basis: Cost of actual medicines purchased during the PY. xx or b. Ifaccounts are maintained on mercantile basis: Opening stock + New purchases - Closing stock 3. Depreciation on surgical equipment and X-ray Machineryetc. xx 4. Depreciation on books at prescribed rates. xx 5. Motor car expenses ; xx 6. Depreciation on motor car relating to profession work xx 7. Expenditure incurred to increase professional knowledge. xx 8. Professional tax Sea 9. Any other expenditure incurred during the year pertaining to profession. at 10. Depreciation on computer bia 11. Depreciation on furniture = 12. Entertainmentexpenses 7% 13. Income tax appeal expenses xX 14. Interest on loan (profession) Xx baie! Income from profession xeIn case of Chartered Accountant oo rofessional Receip' 1. Auditfees Gain from accountancy work Institute fees Examiners fees Gifts from clients Consultancy services Remuneration received for writing articles in journals Special Commission Project report fee pe Pnayaywn 10, Remuneration as a member of tax reforms Commission 11. Accounting software charges 12. Arbitration fee Total Professional Receipts ess: Professional Expenses: 1. Auditoffice expenditure 2. InstituteExpenses 3. Depreciation on book at prescribed rates. 4. Motor car expenses relating to professional work 5. CAinstitute membership fees 6. Depreciation on office equipment or vehicles 7. Any other expenditure incurred to increase professional knowledge 8. Stipendtotrainees 9. Subscriptions to professional journals 10. Depreciation on office furniture 11, Professional tax 12. Depreciation on motor car relating to profession work 13. Depreciation on office computer 14, Interest on loan (profession) 15. Income tax appeal expenses 16. Software development expenses xx xx xX xx xX xX xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx xx Xx xx xx xx XXX Xxx. Income from Profession YXIn case of Lawyer or an Advocate Professional Receipts: 1. Practicing fees xx 2. Legal fees xx 3. Special Commission xx 4, Presents from clients xx 5. Examiners fees Xx 6. Remuneration received for writing articles in journals xx 7. Drafting charges xXx Total Professional Receipts 0 Less: Professional Expenses: 1. Office Expenses xX 2. Salary of staff, ifany Xx 3. Depreciation on professional books @ prescribed rates xx 4. Depreciation on office equipment or vehicles XX 5. Expenditure incurred to increase professional knowledge xXx 6. Subscription to professional journals XxX 7. Purchase of stamp paper and court fees xx 8. Travelling Expenses xx 9. Depreciation on motor car relating to profession work XX 10. Professional tax xx 11. Income tax appeal expenses xx . Interest on loan (profession) xx Depreciation on office computer xx XXX Income from profession XXX ‘Note: Purchase of land for professional purpose is a capital expenditure. therefore it should be ignored while computing taxable income from profession.