Books of Accounts
This query is : Resolved
30 March 2009
Hi
I wanted to know when does a professional needs to maintain books of accounts as per income tax rules. also tell me the section.
this is urget reply soon.
thanks
I wanted to know when does a professional needs to maintain books of accounts as per income tax rules. also tell me the section.
this is urget reply soon.
thanks
30 March 2009
Specified Profession - All cases
Non-specified Profession -
If income exceeds Rs.120000 or gross receipts exceeds Rs.1000000 during any of the immediately 3 preceeding previous years relevant to the previous year.
Refer Section 44AA.
Non-specified Profession -
If income exceeds Rs.120000 or gross receipts exceeds Rs.1000000 during any of the immediately 3 preceeding previous years relevant to the previous year.
Refer Section 44AA.
30 March 2009
just refer sec 44AA
01 April 2009
yes: i agree to both the answers
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- FEMA regulation Act. for inward remitance
- Rental income of jointly held property
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
