Non maintenance of books of accounts
This query is : Resolved
04 November 2016
Dear Sir/MadamFor assessee having income from business , non maintenance of accounts is upto 150000 right
Amol S Joglekar
(Expert)
04 November 2016
That is for Specified Profession.....
please follow the link for an exhaustive write up on the same.
https://yourfinancebook.com/section-44aa-compulsory-maintenance-of-books-of-accounts/
please follow the link for an exhaustive write up on the same.
https://yourfinancebook.com/section-44aa-compulsory-maintenance-of-books-of-accounts/
Amol S Joglekar
(Expert)
04 November 2016
Also note that the limit is for gross receipts/ turnover...and not for income.
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