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Books of Accounts

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(Querist)
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
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Tushar Yerawar

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Tushar Yerawar (Expert)
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.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
30 March 2009 just refer sec 44AA
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s zafarulla khan

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s zafarulla khan (Expert)
01 April 2009 yes: i agree to both the answers
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