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.

29 July 2013 yes, books of accounts is mandatory if professional gross receipts exceeds Rs.120000 under section 44AA


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