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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 August 2014 in this case its mandatory to maintain the books of accounts u/s 44aa

Rupesh Jain

Rupesh Jain (Expert)
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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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