Menu
Income from two business.
Income from commission business of pan card work rs 115000 and tds deduct u/s 194h and Rto agent income 123000 no tds deduct so, my query is a proprietor liable to maintain books of account or can he file itr 3 without maintain books of accounts.
Replies (5)
Till AY 2017-18, No. Books of accounts were mandatory.
From AY 2018-19....... No need to maintain books till PGBP income doesn't cross 2.50 lakhs.
Dear sir any section for the same
Section 44AA of IT act, 1961; as amended by finance bill 2017.
Thanks sir
Welcome, Dear.
Recent Threads
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
Related Threads
CAclubindia
