44aa books of account mandatory for general commission agent

Jyothis (Article) (1127 Points)

04 August 2016  

A general commission agent receiving commission from Post of Office & LIC.

And his Gross receipt is  6 lacs & NP is always 3 lacs plus.

Whether all non specified business and profession has to maintain books of account if their Net income exceeds Rs.1.5 lacs/1.2 lacs as the case may be.