44aa
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 August 2014
Dear Experts,
Please Clarify My doubt regarding applicability of sec 44AA of IT ACT,1962,
i.e. 1) a medical professional has income(gross receipts) from profession in any one of 3 preceding previous years from previous year doesn't exceed 150000 ,then while filing IT return he has to mention the 44AA applicable or not?.
2)(as per provisions every specified profession has to maintain such books of accounts as the case may be assessing officer enable to compute the total income.) medical profession has to maintain books of accounts regardless gross receipts of previous years,am i right?
Thanks in advance.
Please Clarify My doubt regarding applicability of sec 44AA of IT ACT,1962,
i.e. 1) a medical professional has income(gross receipts) from profession in any one of 3 preceding previous years from previous year doesn't exceed 150000 ,then while filing IT return he has to mention the 44AA applicable or not?.
2)(as per provisions every specified profession has to maintain such books of accounts as the case may be assessing officer enable to compute the total income.) medical profession has to maintain books of accounts regardless gross receipts of previous years,am i right?
Thanks in advance.
28 August 2014
in this case its mandatory to maintain the books of accounts u/s 44aa
28 August 2014
its profession is specified profession , hence he have to maintain the book of accounts. as mention in income tax act.
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