books of accounts
This query is : Resolved
ankitaggarwal4u
(Querist)
23 October 2007
assessee maintaining proper day book but not maintaining subsidiary ledger ,can the assessing officer on this ground reject books of accounts?
23 October 2007
If the assessee is liable to maintain books of accounts as per IT Act then assessing officer can reject books of accounts on the ground you have mentioned.
23 October 2007
Hi Ankit,
Wo the ledger the AO would not be able to verify the Accounts and then the financials statements.
He can reject all what he cannot understand and not within the Provisions, coz the defn of books of accounts contains ledger in that
Wo the ledger the AO would not be able to verify the Accounts and then the financials statements.
He can reject all what he cannot understand and not within the Provisions, coz the defn of books of accounts contains ledger in that
Ravikumar.G
(Expert)
08 November 2007
As per sec 44AA it is mandatory to maintain books of accounts.
08 November 2007
As per Sec. 44 A it is mandatory to maintain books of accounts.
Ravikumar.G
(Expert)
09 November 2007
Thanks for the secondment
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