02 December 2019
An individual, having income from business ( remuneration from LLP), does he need to maintain a separate books of accounts under section 44AA? The individual filed the ITR 3 declaring his remuneration as Income from business, but received a notice from department saying that its a defective return, and need to file Balance Sheet and P&L account. Since the individual has filed the return in his individual capacity, is it required to maintain books of accounts separately. Can someone please clarify.
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