Section 44 aa of i.t. act-1961
This query is : Resolved
22 September 2011
a person has Income of Rs. 1,25,000 and Turnover of Rs. 50,00,000 in A.Y.-2010-11. In A.Y.-2011-12 he has Turnover of Rs.65,00,000. Whether Clause 9A of 3CD Report for A.Y. -2011-12 will be applicable to this person or not.Whether for this said clause answer is yes or not.
26 September 2011
Yes applicable. But section 44aa is for maintaining necessary books of accounts.
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