MY QUERY IS THAT MY FREIND IS RUNNING OF TAXI HIRING SERVICE. HE HAS OWN 6 TAXI & ARRANGE TAXI OF OTHERS ON COMMISSION BASIS. HIS TOTAL GROSS RECEIPT FOR THE YEAR 12 LACS. WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS U/S 44AA ? WHETHER HE CAN OPT SECTION 44 AE RELATING TO ESTIMATED INCOME OF BUSINESS PLYING/HIRING OF TRUCKS ? PLEASE TELL ME. THANKS & REGARDS CA. B.K.BANSAL
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