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

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

Sec 44aa recruitment service

Dear Experts I do provide recruitment service however as per sec 44AA the recruitment service is not specified Pls clarify in this scenario what would be the criteria to maintained the books of accounts for income tax purpose Thanks in Advance Vivek jain

Sec 44AA

Why in tax audit report we select NO in question wheather BOA prescribed as per sec 44AA even if t o exceeds rs 120000

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


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

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

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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 : 2/24/2017 6:01:11 PM

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