Section 44ad and books of accounts
This query is : Resolved
11 July 2014
As if a assessee declear his income more than 8% of the Turnover he is not require to keep his books of accounts but how will A.O. prove that the turnover is more than 1 Crore.
11 July 2014
he will check ur exp, bank accounts, creditors and ebtors ledger etc.
11 July 2014
he can check form bank a/c and statement of supplier and customer .
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