banner_ad

SEC 44AA

Others 449 views 1 replies

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.



See ITR copy

Please wait for other experts view


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details