44AA

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Threshold limit increased for maintenance of books of accounts of Individuals and HUF


Increasing the threshold limit for maintenance of books of accounts in case of Individuals and Hindu undivided family The existing provisions of clause i and clause ii of sub section 2 of section 44AA of the Act cast an obligation on every person carrying on business or profession other than those m

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44AA


Dear sir madam Plz explain the following sentence The total income exceeds maximum amount not chargeable to tax Read more at http www caclubindia com articles 44ada special provision for computing profits and gains of profession 31120 asp

Sec 44ad, sec 44aa and itr 4 / old itr 4s


Sir As per Sec 44AD one can opt for presumptive income 8 on turnover less than Rs 2 00 Crores As per sec 44AA one has to maintain books if turnover exceeds 10 lakhs or income exceeds Basic exemption limit ITR 4 old ITR 4S is to be filed by the assessees opting for presumptive income My query is If a

SECTION 44AA & 44AB & 44AD


Can anyone provide detail provisions of the 44AA 44AB 44AD OF INCOME TAX ACT

Liable to maintain books of account u/s 44aa?


DEAR SIR I AM A JOB WORKER AND MY GROSS RECEIPT IS 21 00000 AND NET PROFIT I SHOWED 432000 AS I SHOWED MY INCOME ABOVE 8 IN ITR 3 NEW AND I DO NOT MAINTAIN BOOKS OF ACCOUNT BUT AT THE TIME OF FILLING OF MY INCOME TAX RETURN THE BELOW MENTIONED ERROR IS APPEARING You are liable to maintain books of a

Notice u/s 139(9) defective return receved with section 44aa


i uploaded my itr 4 for the AY 2016 17 as belated return I filled in sheet PART A Profit Loss in under the column where regular books of accounts not maintained I showed Gross receipt Rs 605880 Gross profit Rs 605880 Expenses 328715 lastly net profit comes out Rs 277165 which is not taxable as per s

Discussion

profession as per section 44AA(1)

what are any other profession as is notified by the board in the Official Gazette under sub section 1 of section 44AA

Definition of professional under Sec 44AA of income tax act 1961

Is there any prescribed qualification to be called as profession under Sec 44AA of income tax act 1961 Accordingly is semi qualified chartered accountant a professional andIs a person with B Tech as qualification is called a professional

Notice under section 139(9) read with section 44aa

I have received notice under section 139 9 with error code 311 for AY 2016 17 Error Descripttion Taxpayer having income under the head Profits and gainsof Business or Profession but has not filled Balance Sheet and Profit and Loss Account as required inexplanation f under section 139 9 read with sec

44AA

We had a lot of cases where 44AA was applicable but we choose to file by option profit without books of accounts Still ITR is processed without asking for books Why IT department is ignoring it

44aa and 44ad

what are non specified business and profession and difference between 44 aa and 44ad

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Some lights on sec 44AA, 44AB, 44AD


44AA MAINTENANCE OF BOOKS OF ACCOUNTS WHO SHOULD MAINTAIN a If a person carrying on business profession and income from such business profession has exceeded 1 20 000 in any of the three p y or current p y for newly set up business b If turnover gross receipts has exceeded Rs 10 lacks in any of the


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Updated on : 10/16/2017 8:19:08 PM



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