U/s 44aa
This query is : Resolved
11 August 2012
Dear sir,
whether books of account are prescribed u/s 44AA, if yes list of books so prescribed."No" please anybody answer to me ours is a partnership firm and we are maintained computer system accounting and in our audit report in that statement mention "No"
why audit report not mention list of books of accounts if it is require or not
Please tell me
Regards
RAMESHA.M
whether books of account are prescribed u/s 44AA, if yes list of books so prescribed."No" please anybody answer to me ours is a partnership firm and we are maintained computer system accounting and in our audit report in that statement mention "No"
why audit report not mention list of books of accounts if it is require or not
Please tell me
Regards
RAMESHA.M
11 August 2012
For professionals:
(i) a cash book;
(ii) a journal, if the accounts are maintained according to the mercantile system of accounting;
(iii) a ledger;
(iv) carbon copies of bills, whether machine numbered or otherwise serially numbered, wherever such bills are issued by the person, and carbon copies or counterfoils of machine numbered or otherwise serially numbered receipts issued by him
(i) a cash book;
(ii) a journal, if the accounts are maintained according to the mercantile system of accounting;
(iii) a ledger;
(iv) carbon copies of bills, whether machine numbered or otherwise serially numbered, wherever such bills are issued by the person, and carbon copies or counterfoils of machine numbered or otherwise serially numbered receipts issued by him
Message likes :
1 times
11 August 2012
The format of books of account has not mentioned in the act but generally it is required that as per the principals of accounting the books should be maintained as has correctly been mentioned by Siddhartha
11 August 2012
AGREE WITH ABOVE....
11 August 2012
The books of accounts to be maintained are prescribed under Rule 6F of the Income Tax Act.
However, they apply only to professionals and not assessees other than professionals.
However, they apply only to professionals and not assessees other than professionals.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ITDS U/S.194T of Firm
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- GST not cancelled by tenant
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Invertaded duty struture
- FORM 141 SDV query
- Eway bill not cancelled within 24 hous what can be due
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
