Experts Opinions

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


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


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 : 1/14/2017 10:29:07 AM





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