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Prabhatha
( Author ) 29 May 2012
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Regular books has to be maintained in case of income of business/ profession exceeds Rs. 1,20,000/- or turnover/gross receipts exceeds Rs. 10,00,000/ . In case of commission earned by Pigmy deposit collection agents whether the commission earned is income or turnover? Up to what amount he is exempted from maintaining books of accounts?
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