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Financial statement

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(Querist)
20 February 2011 Sole trader requires to maintain books of account and prepare financial statement at year Year ending or not.
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CA Punit

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CA Punit (Expert)
20 February 2011 if his sales turnover is Rs. 10 Lacs or more he is required u/s 44A of income tax act to maintain the prescribed books & accounts...

otherwise its voluntary...

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