U/s 40aa

This query is : Resolved

Dipen Sen (Querist)
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31 July 2011 Dear Sir/Madam,

Good Afternoon. I have a query with regard to above section.I have a Female client who is a TV Serial Artist of a renowned Bengali entertainment Channel. Her Income was in the previous year for a period of 4 months INR 1,52,500.Accordingly Tax was deducted u/s 194J and Form 16A was given by the Deductor.
She started her career from previous year Dec'10 only. Now my query is 1.Does she have to maintain the Books of Accounts 2. What if her gross income exceeds INR 1,50,000 in any of the 3 previous years. 3.What will be her code under Professionals while filing ITR4.
Please reply.
Thanks in anticiption,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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31 July 2011 I think your client comes under the notified profession viz., "film artist". If so, section 44AA(1) read along with rule 6F attracts meaning thereby books and records as prescribed in the said rule has to be maintained.
The monetary limit mentioned in the query is for section 44AA(2) which is not applicable to your client in view of the above observation.

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