Maintenance of books of account u/s 44aa
This query is : Resolved
Swasti Purohit
(Querist)
25 February 2015
In FY 2013-14, an assessee has professional receipts from educational & management consultancy below Rs 10 lakhs in all 3 preceding years. Although the amount of profit exceeds Rs 120000 in 3 preceding years .
Is the assessee liable to maintain books of accounts u/s 44AA?
Is the assessee liable to maintain books of accounts u/s 44AA?
CA Kapil Verma
(Expert)
25 February 2015
this assesses is required to maintain books of accounts as it is a specific profession
Swasti Purohit
(Querist)
25 February 2015
What are the inclusions of Specified Profession?
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