8% income offered
This query is : Resolved
26 June 2012
For the AY-2012-13 is every person required to maintain books of accounts if he opts for 8% income U/s 44AD.
That for the AY 2012-13 are the doctors and contractors r required to maintain compulsory books of accounts or can they just opt for 8% without books of accounts.
That for the AY 2012-13 are the doctors and contractors r required to maintain compulsory books of accounts or can they just opt for 8% without books of accounts.
CA Harish Suwalka
(Expert)
26 June 2012
if an assessee wishes to declare income on presumtive basis( above 8 % )than he need not to comply with 44AA
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