29 July 2009
sir, I have recd my TDS certificate my emplopyeru\s 194 J (professional FEES). I m submitting my return in ITR IV.I have recd as gross receipt Rs 167000. Can i submit my return under no books of Account Case. Or compulsariliy maintain of books of accounts.
shall I maintain books of account compulsarily or not
29 July 2009
Section 44AA and rule 6F: Category D: Persons carrying on a 'non-specified profession" or a business whose income from such business or profession exceeds 120000 in any of three years immediately preceding the previous year.
Persons falling under this category are required to maintain such "books of account and other docments' as may be enable the assessing officer to compute their taxalbe income under the income tax act. However The board has not prescribed the account books to be maintained by persons falling under this category.