Clarification on sec 44aa of income tax act 1961

Section 44AA of Income Tax Act and rule 6F of Income Tax rules deal with the provisions regarding maintenance of books of accounts under Income tax Act. As per section 44AA(1) read with rule 6F the persons carrying on any of the profession as mentioned below are required to maintain books of accounts and other documents as may enable the assessing officer to compute his total income, if yearly gross receipts of the profession exceeded  Rs 150000.

1) Legal
2)Medical
3)architectural
4)engineering
5)accountancy
6)technical consultancy
7)interior decoration
8)authorized representative
9)film artist
10)any other profession as is notified by the board

The Provisions of S.44AD is ammended by FINANCE ACT 2012 as follows.

S.44AD Shall not be applicable to -

1. person carrying on profession refered to inS.44AA(1).

2. Person carrying on any agency business

3.Person earning income in nature of commission or brokerage.

There fore apart from Maintaining books of accounts for specified profession , the option of adapting Presumptive taxation U/S 44AD is not available W.E.F assessment year 2013-2014.

Dear sir,

I want to know the Audit limit of LIC Agent...

do any one know whether service taxes is appliable for 3d printing services?