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Requirement of books of accounts

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(Querist)
26 June 2015 Hello experts,

Mrs A is receiving 84000/- professional receipt (tution fees) for the year 2014-15. does she require to prepare books of a/cs that is p/l, balance sheet ?

can you guide me which section will be applicable for this ?

kindly solve my query asap

thanking you
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
26 June 2015 if she a professional as described by you then check whether covered under sec 44AA, if yes then books needs to be maintained.
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N D B

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N D B (Querist)
27 June 2015 thanks for reply

will you please guide even though having total income of 84000/- p.a. only does she required to prepare profit and loss and balance sheet for fy 2014-15 ? is there any limit for non requirement of books of accounts ?
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N D B

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N D B (Querist)
27 June 2015 thanks for reply

will you please guide even though having total income of 84000/- p.a. only does she required to prepare profit and loss and balance sheet for fy 2014-15 ? is there any limit for non requirement of books of accounts ?
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Soumitra Basu

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Soumitra Basu (Expert)
30 June 2015 SHE IS NOT PROFESSIONAL AS DEFINED IN THE ACT. SHE NEED NOT HAVE TO MAINTAIN BOOKS OF ACCOUNTS.
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