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Income from sub brokerage
my sub brokerage income/commission is below 150000/- do I need to maintain any books of accounts. Up to how much books of accounts need not required
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For individuals, you are generally not required to maintain formal books of accounts if your business income is below ₹2.5 lakh or turnover is below ₹25 lakh. Many in your position simplify compliance by opting for the Presumptive Taxation Scheme (Section 44AD), which further exempts you from maintaining detailed books.
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