Section 44aa
This query is : Resolved
29 July 2013
My client Doctor total Receipt income Rs.950000/-. He is liable to maintain accounts as per section 44AA ?
29 July 2013
Yes he is liable to maintain books of account and certain prescribed registers.
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29 July 2013
Details of books and records to be maintained are available in rule 6F of the Income tax Rules,1962.
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29 July 2013
yes, books of accounts is mandatory if professional gross receipts exceeds Rs.120000 under section 44AA
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