NISARAHMED OLEKAR (8 Points)
24 November 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14217 Points)
Replied 25 November 2020
Section 44AB of the Income Tax act 1961 is for Audit of Books of Accounts for certain persons carrying Business & profession ,So as per section 44AA of the Income Tax act if your profit exceeds 250000/- or your turnover exceeds 25 lac you have to main ten books of accounts .
rama krishnan
(12234 Points)
Replied 25 November 2020
CAclubindia
