Mainting book of accounts under income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 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.
08 August 2013
Books of accounts have to be maintained if the turnover or gross receipts exceed Rs. 10 lakhs or income from business or profession exceeds Rs. 1,20,000
In this case the gross receipts do not exceed Rs. 10 lakhs.
If you show income more than Rs. 120000 then books of accounts will have to be maintained.
In this case the gross receipts do not exceed Rs. 10 lakhs.
If you show income more than Rs. 120000 then books of accounts will have to be maintained.
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
- House Property Reporting in ITR
- Supply through E-commerce Operators
- Sales amount in Gstr1
- TDS Claim year
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- 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
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
