Is there a need to apply Fuzzy Logic in sec 44AB?

N.Srinivasan | Last updated: 26 October 2015

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Sec 44AA of the Income tax Act stipulates about the compulsory maintenance of Accounts by Certain persons carrying on business or profession and return their income under the head Profits Gains of Business or Profession. What is the limit up to which no requirement for maintenance of books of accou

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About the Author

N.Srinivasan

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I am a Chartered accountant by Profession. I am in practice from 06.10.2001. Earlier I was working as a Regional Finance Manager of an integrated steel Plant. My qualification B.Com, FCA, DMA(ICAI), DISA(ICAI), DIRM(ICAI),PGDCCIS. I am taking up assignments in Companies as Management consultant and also as a domain ... Read more

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Is there a need to apply Fuzzy Logic in sec 44AB?

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