Maintenance of books of accounts u/s 44aa
This query is : Resolved
01 March 2017
Does a person engaged in home tuition required to maintain books of account u/s 44aa?
Please suggest , and thanks..
Please suggest , and thanks..
01 March 2017
Depends on income of the person. U may visit the following link:-
https://www.caclubindia.com/news/threshold-limit-increased-for-maintenance-of-books-of-accounts-of-individuals-and-huf-15921.asp
https://www.caclubindia.com/news/threshold-limit-increased-for-maintenance-of-books-of-accounts-of-individuals-and-huf-15921.asp
02 October 2021
If income below basic exemption limit & total collection of fees below 10 lakhs, for preceding 3 years; then no need to maintain books.
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