Threshold limit increased for maintenance of books of accounts of Individuals and HUF

Increasing the threshold limit for maintenance of books of accounts in case of Individuals and Hindu undivided family The existing provisions of clause i and clause ii of sub section 2 of section 44AA of the Act cast an obligation on every person carrying on business or profession other than those m

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Experts Opinions


Gross professional fees Receipt turnover Rs 1 37 000 in F y 15 16 in above case I have to maintain books of account

Maintenance of books of accounts u/s 44aa

Does a person engaged in home tuition required to maintain books of account u s 44aa Please suggest and thanks

maintenance of books of accounts u/s 44AA

my asssessee received income from remuneration and interest from partnership firm is he liable to maintain books of account u s 44AA

Income tax section 44aaa

if any professional doctor show income more than 50 of total receipt than maintenance of book of accountants required or not

Sec 44aa

Dear Experts We do provide recruitment service however as per sec 44AA recruitment service is not specified Pls clarify in this scenario what will be the criteria for Maintaining Books of accounts Regds Rohit


Maintaining books of account under section 44aa

Dear Members We are a partnership firm running a business centre and co working space Our gross turnover for the financial year 2016 17 is about 7 00 000 We have incurred a loss of about Rs 50 000 The previous year turnover was around Rs 3 50 000 Considering this scenario please advice on the follow

Technical consultany - section 44aa

Hi Section 44AA specifies Technical consultancy as profession Is there any detailed explanation in income tax rules or some case law mentioning what is technical consultancy Please advice Regards

Sec 44ad & 44aa

Dear All As we all know that maintenance of Books of Accounts u s 44AA is not required if a person opts for presumptive taxation u s 44AD and a person opting for such scheme may even declare income greater than the income deemed u s 44AD i e income greater than deemed 8 of turnover So in case a pers

Section 44ad with 44aa

Dear Sir Plz Solve my Query If small traders turn over below under 10 lacsInocme Tax Return filled u s 44AD in A Y 2015 16 and A Y 2016 17 of Rs 250000 and 260000 respectively and books of a c are not maitain in above mentioned year In that case 1 In A Y 2017 18 Turnover below Rs 10 lacs therforeBoo

Quaries in section 44aa

Sir My Business Income is Rs 120000 but My Gross Receipt is Rs 5 00 000 As perIncome tax act Section 44AA books of account is mandatory or not Please give the answer

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Some lights on sec 44AA, 44AB, 44AD

44AA MAINTENANCE OF BOOKS OF ACCOUNTS WHO SHOULD MAINTAIN a If a person carrying on business profession and income from such business profession has exceeded 1 20 000 in any of the three p y or current p y for newly set up business b If turnover gross receipts has exceeded Rs 10 lacks in any of the

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Updated on : 3/24/2017 11:12:09 AM

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