Sec 44AA

Sunali (Learner) (1317 Points)

16 March 2010  

A person has commission income; net receipts Rs. 200000/-, he is maintaining books u/s 44AA. He also deal in retail trading business, in which his turnover is less than Rs. 40.00 Lacs, is he required to maintain books for retail trading business as well..?


Pls refer any case law (if possible) along with your views.