liable account maintain u\s44AA
Querist : Anonymous
I am pradeep jain in agra .My business income (retail shop)114265.00 and other sources income (drycleaning centre ) 38690.00 Total income is 152955.00 My net turn over is 765236.00 I am not maintain my account u/s44AA
Do the account maintaining liability u/s44AA by me so please give me answer .
Show your Retail business income U/s 44AF.
As turnover is not exceeding the limits prescribed for tax audit, you need not require to maintain Regular Books of A/c U/s 44AA.
2. Drycleaning Centre:
Limit applicable : 1.20 lacs net profit.
So in this case no Regular Books of A/c are required to be maintained
Guest
the the query can be presumed for AY 2010-11
and accordingly answered.
Guest
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