44ad & 44aa
Querist : Anonymous
Profit declared 1.5 lakh
Is he liable to maintain the books or not ?
even if he opt for 44AD he is not required to maintain the books, as profit is not more than basic exemption slab
but as profit is less than 8% so would it be said that he is now not using 44AD ans if he is not using 44AD mean he is required to maintain books as per 44AA
2. so anyways, you would be able to survive without maintaining books of accounts for this year.
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