Maintaince of books of account
This query is : Resolved
25 August 2014
HI,
PLEASE LET ME KNOW WHEN ASSESSEE NEED TO MAINTAIN BOOKS OF ACCOUNT AS PER INCOME TAX ACT 1961.UNDER THE DIFFERENT CASES:
1-MY ASSESSEE HAS NET INCOME OF RS.325000/-
2- MY ASSESSEE HAS TURNOVER OF RS.3300000/-AND NET PROFIT IS 350000/-
PLEASE REPLY ME WHEN ASSESSEE NEED TO MAINTAIN BOOKS OF ACCOUNT.
PLEASE LET ME KNOW WHEN ASSESSEE NEED TO MAINTAIN BOOKS OF ACCOUNT AS PER INCOME TAX ACT 1961.UNDER THE DIFFERENT CASES:
1-MY ASSESSEE HAS NET INCOME OF RS.325000/-
2- MY ASSESSEE HAS TURNOVER OF RS.3300000/-AND NET PROFIT IS 350000/-
PLEASE REPLY ME WHEN ASSESSEE NEED TO MAINTAIN BOOKS OF ACCOUNT.
25 August 2014
when total income exceeds rs 1,20,000 then compulsory to maintain books of accounts.
Message likes :
1 times
26 August 2014
there is compulsory book of a/c when your income exceeds rs. 120000/-
Message likes :
1 times
27 August 2014
THANKS FOR THE SOLUTION,
BUT WHICH SET OF BOOKS OF ACCOUNT ARE TO BE MAINTAINED,
AS I HAVE TO FILE ITR-4, AND IT ASKS ALL DETAILS AND I HAVE NOT PREPARE BALANCE SHEET AND CAPITAL ACCOUNT AND OTHERS LEDGERS.
BUT WHICH SET OF BOOKS OF ACCOUNT ARE TO BE MAINTAINED,
AS I HAVE TO FILE ITR-4, AND IT ASKS ALL DETAILS AND I HAVE NOT PREPARE BALANCE SHEET AND CAPITAL ACCOUNT AND OTHERS LEDGERS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Long Term Service award taxability in hands of company
- Free lancer income
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
