Sec 44aa

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2013 WHETHER THE UNDER MENTIONED CLIENT NEEDS TO MAINTAIN BOOKS OF ACCOUNTS...??

Mr A has earned income of Rs 80000/- for AY2011-12 by providing accounting services to firm. the Firm has also deducted TDS on the said amount.I want to know whether Mr A is required to maintain books of accounts as per Sec 44AA.

19 January 2013

Mr A has to maintain Books of Account of the firm so as to earn income from there.
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However, in his own case, he is not required to do so U/s 44AA(2).
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