Account books are mandatory or not
This query is : Resolved
T.S.Dhiman
(Querist)
12 May 2014
respected sir/madam
kindly tell me please that accounts books are required to maintain or not ,in case when a client has business income net 210000/-
kindly tell me please that accounts books are required to maintain or not ,in case when a client has business income net 210000/-
PRATIK AGRAWAL
(Expert)
14 May 2014
If the assessee's Turnover is less than 1 cr in the FY and he is ready to pay tax @ 8% as presumptive Income under Section 44AD. And the Assesse atleast should be able to Prove the Turnover.
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