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Turnover Limit to maintain Books of Account

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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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.
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Deepak Rawat

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Deepak Rawat (Querist)
17 September 2020 Thank You Sir.
Is this also required, if we are filling ITR as per 44AD ?



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 September 2020 Not required in case 44AD opted.
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Deepak Rawat

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Deepak Rawat (Querist)
17 September 2020 Thank U So Much Sir... You always help us...
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 September 2020 You are welcome.......

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