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Account Books maintaing limit

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19 Points Posted on 16 December 2021
Upto how much turnover in business Account Book maintaing is compulsory as per Income Tax Laws
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On 16 December 2021 at 14:46 Report
Replies (4)
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GST Practitioner & Accounts
15085 Points Posted on 16 December 2021
For Individual profit exceeds 2,50,000/- , turnover exceeds 25,00,000/- as per section 44AA of the Income tax act .
24 Reply
On 16 December 2021 at 15:29
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Company Secretary
7085 Points Posted on 16 December 2021
Yes in case of Individual:-(As per Section 44AA of Income Tax Act 1961)
Profit Exceeds Rs 250000/-
Turnover Exceeds Rs 2500000/-
10 Reply
On 16 December 2021 at 21:21
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Branch Accountant
94 Points Posted on 17 December 2021
Wt about Partnership pls?
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On 17 December 2021 at 09:58
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GST Practitioner & Accounts
15085 Points Posted on 17 December 2021
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 .
24 Reply
On 17 December 2021 at 10:45


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