28 August 2014
Dear Experts, Please Clarify My doubt regarding applicability of sec 44AA of IT ACT,1962, i.e. 1) a medical professional has income(gross receipts) from profession in any one of 3 preceding previous years from previous year doesn't exceed 150000 ,then while filing IT return he has to mention the 44AA applicable or not?. 2)(as per provisions every specified profession has to maintain such books of accounts as the case may be assessing officer enable to compute the total income.) medical profession has to maintain books of accounts regardless gross receipts of previous years,am i right? Thanks in advance.