44AA



Experts Opinions

44AA and 44AD


An assessee has been declaring profits u S 44AD since its inception In the current FY if his is say INR 50L and in turn income is INR 4L as per section 44AD Would the assessee be required to maintain books as per section 44AA Request your answer to be as per the recent amendment as well as the secti

44AA


is section 44AA applicable even if income is less than amt not chargeable to tax

Sec 44aa


Dear All I have started business in AY 2016 16 but have not maintain the books of accounts for the same AY because the Net income is below 120000 also turnover is below 10 Lakh My query is do i need to maintain the books of accounts for the AY 2016 17 or not Also tell me do i need to maintain the bo

Sec 44aa(2)


Dear All I have started bisiness in AY 2016 17 and i had not even maintained the books of accounts for the same AY because the Net income was below 120000 also turnover was below ten Lakh Pls clarify should i have been maintained the books of accounts of AY 2016 17 or not if so Also clarify do i nee

Sec 44aa


Dear Experts I have started business in AY 2016 17 however i have also not maintained the books of accounts for the same AY 2016 17 because the net income is not exceed 120000 also turnover not exceed 10 Lakh Pls clarify should i have been maintained the accounts of AY 2016 17 Also tell me will i ha

Discussion

Applicablity of 44aa maintainance of books of accounts

Is sec 44 AA applicable to a Private limited company IF applicable under which section of income tax act it is specified Please help me out

44aa books of account mandatory for general commission agent

A general commission agent receiving commission from Post of Office LIC And his Gross receipt is 6 lacs NP is always 3 lacs plus Whether all non specified business and profession has to maintain books of account if their Net income exceeds Rs 1 5 lacs 1 2 lacs as the case may be

Is pharmacist profession notified u/s 44aa for payment/tds u/s 194j

if i hire a pharmacist on contractual basis in my pharmacy shop can i pay him deduct TDS u s 194J and issue him her FORM16A on quaterly basis will the same procedure be applied to data entry operators hired on contractual basis also

Requirement of maintenance of books of accounts u/s 44aa

my Query is that if a person following section 44AD of iT Act 1961 and his income is less than 8 and also his income is less than the maximum limit which is not chargeable to tax than is he required to maintain books of account and if he is not required to maintain books of accounts than how we will

Compulsory maintenance of books of accounts as per section 44aa(1)

Dear Members I would like to know if the provision of section 44AA 1 applies to Tax Practitioners non CA CS Can tax practitioners non CA CS file income tax returns under presumptive scheme 44AD and declare profit more than 8 where mantainance of books of accounts is not compulsory Please advice Than

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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 : 11/30/2016 12:24:07 AM


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