Maintain books of account

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Anuj Verma (Querist)
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04 August 2015 R/all

an assessee having income from profession (Part time accounting services) app 1.5 lakh per annuam from last 2 financial year. He is working as full time accountant as well (Income from salary)

is it mandetory to maintain books of account for him

please suggest.

regarads

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 August 2015 yes as per sec 44AA he needs to maintain books since income exceeds 1.2 lakhs p.a

Anuj Verma

Anuj Verma (Querist)
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06 August 2015 thanks

please let me know which all records to be maintain as he is receiving most of part time accounting charges in cash and expenses like traving, phone, printing & stationery are also in cash only.

apart from that which itr form to use for filling income tax return of ass year 2015-16

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