SEC 44AA

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HELLO FRIENDS, CAN ANYBODY TELL ME IF ANY BODY HAS FILED THE BUSINESS RETURN OF MORE THAN RS 120000 IN THE PREVIOUS YEAR MAINTAINENCE OF ACCOUNTS IS NECESSARY IN THIS YEAR

BUT A PERSON HAS NOT RECEIVED THE BALANCE SHEET FROM THE PERSON WHO FILED HIS RETURN LAST YEAR

NOW IN THE ABSENCE OF BALANCE SHEET HOW CAN I FIL RETURN OF THIS YEAR

NOW PLS HELP ME WHAT CAN I DO CAN I FILE NOW IN NO ACCOUNT CASE A RETURN OF LESS THAN RS. 120000

AND BALANCE AMT TO. BE SHOWN AS OTHER INCOME OR WHAT CAN I DO.

PLS HELP ME. IAM IN GREAT NEED.

Replies (1)

Maintenance of Books of accounts by other Persons covered u/s 44AA (2): In relation to any other persons engaged in any other profession or carrying on any business other than section 44AA (1), the requirement of compulsory maintenance of books of accounts applies if- either the income from business or profession exceeds Rs 120000 or the turnover or gross receipts exceed Rs 10 Lakhs in any one of the three years immediately preceding the previous year.



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