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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2012 i want to file ITR-4S for income from business and profession, what is the limit for maintaining books of accounts.Is it necessary to maintain books of accounts if profit from B&P is more than 8%. Please suggest me.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
29 May 2012 Books of accounts are to be maintained only if the income is shown LESS than 8%.
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