Maintain books of accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2014 hi,

My brother is an enginner work in a company as a interen.His interen ship stipend is Rs.25000 per month Comapny deduct his Tds under Professional @10% as Consultant.

Is it mandatory to maintain books of accounts u/s 44AA .In ITR-4 how it is shown?

24 July 2014 i believe your brother is a student. ask him to show expenses for more than Rs 1.30 lakhs. Then there wont be any need to maintain accounts.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2014 No he is not student.It's company policy that first they appoint as a interen after some time then they permanent that candidate

24 July 2014 then show expenses to the extent that net income is less than Rs 1.2 lakhs.


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