Section 44ad benefit

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2017 dear sir,

one of my relative is having gross recipt of near 60 lakhs from security business providing manpower.
can i file return by showing 8% profit without maintaining books of accounts under sectgion 44ad of income tax act 1961

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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13 August 2017 Possible to opt 44AD.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2017 and what about maintaining book of accounts.
is there any need of maintaining books of accounts

Querist : Anonymous

Querist : Anonymous (Querist)

13 August 2017 and what about maintaining book of accounts.
is there any need of maintaining books of accounts
and the assesse is collecting service tax and paying the same