Form 25 applicable f.y.25-26 for doctors compulsory

[Sundaraiah kollipara]

Sir,

A Doctor fees income rs:20 lacs year 25-26

Question: Form 25 maintained compulsory or not for tax audit professionalls or small tax payers or both persons applicable f.y.25-26 as per new income tax act 2025

AI Summary

Form 25 applicability for doctors under the new income tax law is queried for tax audit and small taxpayers. A query raises whether Form 25 is compulsory for doctors for the financial year 2025-26, particularly where professional fees income is stated at Rs. 20 lakhs. The issue is framed around the applicability of the form to tax audit professionals, small taxpayers, or both categories under the new income tax law for 2025.