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 ?
Menu
sec 44AA of Income Tax Act,1961.
Replies (1)
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.
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
