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Maintaining books of a/c

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(Querist)
01 August 2012 A PERSON WHO IS INCOME 160000 F/Y 2011-12 FROM DESIGNING OF JOB WORK . IT IS MANDATORY TO RECORD BOOKS OF ACCOUNT . HE FILED RETURN ALREADY 3 PRECEDING PREVIOUS YEAR & F/Y 11-12 ALSO
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
01 August 2012 In case he has filed his Return U/s 44AD, i.e. by showing Profit @ 8% for FY 2011-12, he will not be asked to produce the books of account.
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Advise him to maintain the record of Gross Receipts or say Job Bills issued by him to various parties.
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SANYAM ARORA

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SANYAM ARORA (Expert)
01 August 2012 No need to maintain the Books
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