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Accounts

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(Querist)
21 August 2013 sir i am a private medical practitioner. annual turnover about 30 laces(including dispensing medicines ).i want to know ;
1.should i maintain account books for clinic?
if yes what types of ac books should i maintain.?
2. somebody told me that accounts maintain is not necessary up to 1 crore turnover.
please clarify.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 August 2013 Ans 1.Yes since you need to maintain books as you are a professional as per sec 44AA.
Ans2. Some body has wrongly informed you.
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