query regarding sec. 44aa
This query is : Resolved
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?
28 December 2009
Listen 44AA limit is 10 lakh not 40 lakh plz give more detail of your query
CA Tilak Raj Sharma
(Expert)
28 December 2009
I think he is a retailer thats why he is talking about 40L limit.
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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