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Professional income person maintained account records compulsory

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online (Querist)
05 April 2023 Sir,
A doctor professional income show in it returns profit declared sec 44ada provision 50 percentage profit declared every year.
Question:
1.Assessess accounting records maintained compulsory
2.balance sheet prepared compulsory every year.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 April 2023 1 & 2. Not compulsory but maintaining total receipts (Cash & Bank credits with net balances) with sundry creditors & debtors is mandatory.
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