Mr.A is doing an accountancy job on contract basis after passing 12th in commerce & he had received more than Rs.2.5 lacs for last 3 previous year towards such job. Is he required to Maintain books of Account as per Section 44AA of Income Tax Act,1961 ?
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sec 44AA of Income Tax Act,1961.
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Yes, he is required to Maintain books of Account as per Section 44AA of Income Tax Act,1961
Further, when he is doing accountancy work for others on contract basis; he can very well maintain books for himselt too.
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