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query regarding sec. 44aa

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(Querist)
28 December 2009 BOA IS REQUIRED TO MAINTAIN IN P/Y2008-09.BUT NOT IN NEXT YEAR BECAUSE SALES DOES NOT EXCEED 40 LAKH.WHETHER ASSESSEE IS REQUIRED TO MAINTAIN BOA CONTINOUSLY OR NOT?
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CA Mani

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CA Mani (Expert)
28 December 2009 Listen 44AA limit is 10 lakh not 40 lakh plz give more detail of your query
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
28 December 2009 I think he is a retailer thats why he is talking about 40L limit.



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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
28 December 2009 If you are not a retailer or contractor then you need to maintain BOA.

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