Books for tution income
This query is : Resolved
21 March 2017
I RUN SMALL HOME TUTIONS WHICH ARE ABOUT ONE LAKH IN WHOLE YEAR
ARE ANY RECORDS OR BOOKS REQUIRED TO BE MAINTAINED FOR SUCH SMALL BUSINESS
ARE ANY RECORDS OR BOOKS REQUIRED TO BE MAINTAINED FOR SUCH SMALL BUSINESS
CA Shubhanshu Jain
(Expert)
21 March 2017
No you are not required to maintain any books of accounts
21 March 2017
UPTILL WHAT INCOME FROM TUTION BUSINESS ARE NO RECORDS REQUIRED
Dhirajlal Rambhia
(Expert)
24 October 2021
Rs. 1.50 lakhs, which has recently been upgraded to Rs. 2.50 lakhs.
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