Books for agricultural activities
This query is : Resolved
21 February 2014
Should any books be maintained in case there is both agricultural and business activity for an individual?
21 February 2014
yes if business activity earns more then 120,000 then as per sec 44AA books are nmandatory to be maintained.
21 February 2014
should the books be maintained for agricultural activities if there is no link between both (biz or agr)
23 February 2014
well it would be advisable to keep records of income and expenses for the agriculture activity too as it needs to be disclosed in the tax return
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