Turnover Limit to maintain Books of Account
This query is : Resolved
17 September 2020
Dear Sir/Mam,
please guide.
What is turnover limit to mandatory maintain books of account ?
I tried to find on google also but didn't get any positive answer.
Thanking you in advance.
please guide.
What is turnover limit to mandatory maintain books of account ?
I tried to find on google also but didn't get any positive answer.
Thanking you in advance.
17 September 2020
If the sale/turnover/gross receipts from the business or profession is more than Rs. 25,00,000 or the income from business or profession is more than Rs. 2,50,000 in any of the 3 preceding years, then books of accounts will be compulsorily maintained.
17 September 2020
Thank You Sir.
Is this also required, if we are filling ITR as per 44AD ?
Is this also required, if we are filling ITR as per 44AD ?
17 September 2020
Not required in case 44AD opted.
17 September 2020
Thank U So Much Sir... You always help us...
17 September 2020
You are welcome.......
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