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Account Books maintaing limit
Upto how much turnover in business Account Book maintaing is compulsory as per Income Tax Laws
Replies (4)
For Individual profit exceeds 2,50,000/- , turnover exceeds 25,00,000/- as per section 44AA of the Income tax act .
Yes in case of Individual:-(As per Section 44AA of Income Tax Act 1961)
Profit Exceeds Rs 250000/-
Turnover Exceeds Rs 2500000/-
Profit Exceeds Rs 250000/-
Turnover Exceeds Rs 2500000/-
Wt about Partnership pls?
For partnership Firm
Rs 1,20,000/- profit
Rs 10,00,000/- Turnover
exceeds , as per section 44(2)(i) of the Income tax act , please confirm from Act .
Rs 1,20,000/- profit
Rs 10,00,000/- Turnover
exceeds , as per section 44(2)(i) of the Income tax act , please confirm from Act .
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