Itr books maintained or not maintained

u/s 44AA(2) person carrying on business/ profession should maintain books of account and documents if annual income> Rs 120000/- or Turnover> Rs 10L in any one of 3 preceeding years.

But if ur friend opts for presumptive taxation u/s 44AD (8% minimum profit ) then he is not required to maintain books of accounts u/s 44AA.

So, let him make a decision and then fill the ITR 4.

As your turnover not exceeded 10 lakhs you better opt for presumptive taxation 44AD and disclose atleast 8% on turnover as profit

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so if your turnover is 7lakhs ,,8% on it is 56000 so it will be okay that you can show income what you have arrived and file return..

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un this case you dont need to maintain books of accounts

BUT HIS INCOME IS 175000 AND 210000 AS MENTIONED ABOVE IF I SHOW TURNOVER UPTO 10% THAN HIS TURNOVER WILL BE 1750000 AND 2100000. WHICH IS MORE ALSO HE CAN BE LIABLE FOR VAT ETC WHICH HE DDOESNT WANT