2. Books of Account(Only Bank Book)

only bank book is enough for books of account of self employed person, if exceeds basic exemption limit ?
Replies (2)
Quick Summary
This discussion clarifies whether a sole bank book is sufficient for a self-employed person's accounts. While a bank book is useful, it's generally not enough on its own, especially if income exceeds the basic exemption limit. Other essential records include saving and FD interest statements, investment details, business details, and potentially a cash book, stock book, and debit/credit ledgers, depending on audit requirements.

No bank book is not enough
there's saving interest statement
there's fd interest statement
investment details
business details
there's ledger
cash book
stock book
debit credit books and all taken in Account if audit or no audit
@ Mr RITESH KUMAR BHAGAT,

Yes...

Bank Book is enough for preparing financial statements if Assessee have his business transactions fully through bank except filing u/s 44AA...

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