Form ITR3 - Individual with Income from business(LLP)
This query is : Resolved
02 December 2019
An individual, having income from business ( remuneration from LLP), does he need to maintain a separate books of accounts under section 44AA? The individual filed the ITR 3 declaring his remuneration as Income from business, but received a notice from department saying that its a defective return, and need to file Balance Sheet and P&L account.
Since the individual has filed the return in his individual capacity, is it required to maintain books of accounts separately.
Can someone please clarify.
Regards,
Reshmi
Since the individual has filed the return in his individual capacity, is it required to maintain books of accounts separately.
Can someone please clarify.
Regards,
Reshmi
04 June 2020
https://taxguru.in/income-tax/section-44ad-compulsory-books-accounts-audited.html
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