Books of account
This query is : Resolved
Niraj Agarwal
(Querist)
15 June 2017
If there is gross total income of Rs.130000 from commission from post office . And there is expenses of Rs 12000. Whether liable to maintain books of account.
CA Rashmi Gandhi
(Expert)
15 June 2017
Not liable to maintain books of account.
Niraj Agarwal
(Querist)
15 June 2017
Mam , for maintaining books of account , which one:- net income or gross total income is to be considered.
CA Rashmi Gandhi
(Expert)
16 June 2017
Both income to be filed up & only taxable income is shown in return(net income)
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