Books of accounts maintain limitation in Partnership firm
This query is : Resolved
06 September 2020
please guide me to know what is the limitation for maintaining the books of account in Partnership firm.
as my turnover in the last year is below 2500000/- and expected income on it is 350000/-. is it necessary or i have to maintain books of account for my partnership firm.
as my turnover in the last year is below 2500000/- and expected income on it is 350000/-. is it necessary or i have to maintain books of account for my partnership firm.
CA R SEETHARAMAN
(Expert)
06 September 2020
As the income is exceeding 2,50,000 books of accounts need to be maintained.
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