I happened to be employed in a Mobile shop a few days back....I understood that they don't maintain their books of Accounts properly which in my opinion could land them in trouble in the future...
I hope I am correct in my opinion if not please advise me....
If profit is more than 2.5 lacs or turnover is more than 25 lacs , then maintenance of books of accounts is compulsory as per Income tax act , But it's better to maintain the books of accounts and must be maintained .