Sir,
How much turnover and profit need for not mainten books of accounts.
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Turnover and profit
Replies (1)
As per section 44 AA of the Income tax act
For Individual profit 2.5 Lacs and Turnover 25 Lacs and for others profit 1.20 Lacs and Turnover 10 Lacs to maintain books of accounts. please refer section.
For Individual profit 2.5 Lacs and Turnover 25 Lacs and for others profit 1.20 Lacs and Turnover 10 Lacs to maintain books of accounts. please refer section.
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