44aa
Hitesh (Article) (72 Points)
30 March 2017
A electrican is liable to maintain books of account if his income is 240000 and t/o is 500000
10 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195732 Points)
Replied 30 March 2017
Yes, unless for presumptive assessment.
vinod kumawat
( CS)
(425 Points)
Replied 30 March 2017
PRESUMPTIVE ASSESSMENT MENAS INCOME SHOW UNDER SEC. 44AD (NO BOOKS OF ACCOUNT MAINTAIN )
Niraj Nirala
(Student>>CA>>IPCC)
(134 Points)
Replied 30 March 2017
yess hitesh... electrician should go for 44AD...!
Hitesh
(Article)
(72 Points)
Replied 30 March 2017
In that in audit information
are you lioable for maintainjng accounts under sec 44AA in that select no or YES
Niraj Nirala
(Student>>CA>>IPCC)
(134 Points)
Replied 30 March 2017
yes you are liable to maintain books since income crossed 120000 even though t/o is below the limit of 1000000
CA CMA Sagar Jaiswal
(Finance professional)
(775 Points)
Replied 02 April 2017
If it is 1St return and ur filling itr 4 or itr 4s then select no. For 44aa .it is better to fill itr 4s
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