44aa
This query is : Open
28 May 2014
what is meaning of books of account are prescribed under section 44AA??
28 May 2014
Rule 6F prescribes books of account ot be maintained by specified persons.
6F(2) – professionals
a) Cash book
b) Journal, in case of mercantile system of accounting.
c) Ledger
d) Carbon copies of bills serially numbered in case of bills or receipts of Rs. 25/- and more
e) Original Bills and receipts in respect of expenditure. Payment vouchers in case of bills and receipts not issued and the expenditure do not exceed Rs. 50/- (Vouchers may not be prepared if the cash book mentioned contains adequate particulars in respect of expenditure incurred.)
‘Cash book’ means a record of all cash receipts and payments, kept and maintained from day to day and giving the cash balance in hand at the end of each day or at the end of a specified period not exceeding a month.
6F(3)-Medical Professional’s- in addition to above-
a) A daily case register in Form No. 3C
b) Inventory Register of stock of drugs, medicines and other consumable accessories
6F(2) – professionals
a) Cash book
b) Journal, in case of mercantile system of accounting.
c) Ledger
d) Carbon copies of bills serially numbered in case of bills or receipts of Rs. 25/- and more
e) Original Bills and receipts in respect of expenditure. Payment vouchers in case of bills and receipts not issued and the expenditure do not exceed Rs. 50/- (Vouchers may not be prepared if the cash book mentioned contains adequate particulars in respect of expenditure incurred.)
‘Cash book’ means a record of all cash receipts and payments, kept and maintained from day to day and giving the cash balance in hand at the end of each day or at the end of a specified period not exceeding a month.
6F(3)-Medical Professional’s- in addition to above-
a) A daily case register in Form No. 3C
b) Inventory Register of stock of drugs, medicines and other consumable accessories
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28 May 2014
thank you mam.. in short it is applicable to professional, and not to company or any business is it???
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