Maintaining books u/s 44aa
This query is : Resolved
06 August 2013
I have recd professional fee for teaching in private classes per lecture basis. Total amount for the F.Y 12-13 is Rs. 230000/-whether I have to maintain books of Account under section 44aa of income tax pls guide.
Also pls let me know if the due date of filing of ITR on 05/08/2013 upto what time I have to upload online retrun before 12Am pls guide about the timing.
Also pls let me know if the due date of filing of ITR on 05/08/2013 upto what time I have to upload online retrun before 12Am pls guide about the timing.
06 August 2013
1. Books of accounts have to be maintained if INCOME exceeds Rs. 1,20,000 or gross receipts exceed Rs. 10 lakhs.
In your case, gross receipts are less than Rs. 10 lakhs.
If you show income of Rs. 1,20,000 or more then you are required to maintain books of accounts.
In your case, gross receipts are less than Rs. 10 lakhs.
If you show income of Rs. 1,20,000 or more then you are required to maintain books of accounts.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
