BOOKS OF ACCOUNTS

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adiraj (Querist)
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06 July 2009 WHICH BOOKS OF ACCOUNTS ARE MANDATORY FOR ANY BUSSINESS CONCERN WHO FILE 10% INCOME ON HIS TOTAL TURNOVER OF RS.3000000/- U/S 44AF

Ratan Sharma

Ratan Sharma (Expert)
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07 July 2009 Only sales register is sufficient where the return is filed u/s. 44AF. Because the profit is dependent on the sales figure and you will have to prove that the sales shown by you is genuine.
Alternatively, if sales register is not possible to maintain, then you can also maintain the purchase register and arrive at the sales figure by adding gross profit to purchases.

CA Bosu babu

CA Bosu babu (Expert)
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07 July 2009 only sales register,
but in future if u shown less amount then,

normal registers....purchases day book,sales book,Cash book,bank account,other ledgers.he will ask na if you claim less than prescribed amount and you have to audit the books in such a situation...so even auditors required the fulfledged books.....so better maintain all....

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