A Doctor fees collections from patients Gross receipts income rs:18 lacs in f.y.21-22.if assessee net profit 50 percentage declared provision sec 44ada it returns filed in f.y.21-22.
question:
assessess accounting records maintained tally software used ledger accounts only or day books and cash books data printing compulsory.
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Accounting records maintained for sec 44ada person
Replies (6)
As such tally software data with daily cash collection ledger is enough.
No data printing required, Sec 44ADA doesn't mandate compulsory maintenance books of accounts.
You must maintain the supporting documents for turnover or Invoices .
ITR-4 requires financial particulars and few columns are mandatory like debtors balance , creditors etc .
ITR-4 requires financial particulars and few columns are mandatory like debtors balance , creditors etc .
But maintenance of complete books is not mandatory.
I have not quoted complete books
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