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