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compulsory maintenance of BOA

This query is : Resolved 
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(Querist)
13 April 2009 DEAR ALL

IS ONE LIABLE TO COMPULSORY MAINTENANCE OF BOA IN THE FOLLOWING CIRCUMSTANCES

1) MR. X PROPRIETOR NET PROFIT IN PREVIOUS YEAR IS RS. 175000/-

2) MR. Y PROPRIETOR HAS TURNOVER OF RS. 1500000/- BUT NP OF RS. 145000/-
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 April 2009 If the asessee is other than a 'specified professional' in both the situations he has to maintain BOA.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
13 April 2009 Agree with the views.
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
14 April 2009 AGREE WITH THE VIEW OF ABOVE EXPERTS
IN SITUATION 2 OF MR Y YOU HAVE MENTIONED T/O WHICH MEANS HE IS INTO BUSINESS & NOT PROFESSIONAL, SO B O A BECOMES COMPULSARY
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