15 July 2018
I have a small repair business. The revenue from repair since past 4 years have been around 4.5 lakhs and profit after expenses is 3.5 lakhs for past 4 years. The profit after expenses for FY 17-18 is 2.5 lakhs and revenue from repair is 3.5 lakhs. Am I liable to maintain records of this for FY 17-18 under section 44AA?
CAclubindia
