becker
CIBIL
gst course

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

About Mentainance of books of accounts


NISARAHMED OLEKAR   24 November 2020

NISARAHMED OLEKAR

 1 likes  6 points

| My Other Post

For Asst year 2019_ 20 What is the monetary limit For Commission Business U/S 44AB to maintain Books of accounts is there any Relaxatoin please Give answer

1 Like
rama krishnan

rama krishnan   25 November 2020

rama krishnan

 1016 likes  11130 points

View Profile | My Other Post

One crore is the limit

prasad  Nilugal

prasad Nilugal (Sr . Accountant and GST Practitioner . )     25 November 2020

prasad Nilugal
Sr . Accountant and GST Practitioner .  
 371 likes  5542 points

View Profile | My Other Post

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

rama krishnan   25 November 2020

rama krishnan

 1016 likes  11130 points

View Profile | My Other Post

Sorry... if your total income exceeds 2.5 lakhs or if your total turnover exceeds 25 lakhs, you need to maintain books of accounts, in case of individual or huf


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Bajaj Finserv

Related Threads


Loading


Trending Tags