Maintainance of books of accounts
This query is : Resolved
01 August 2012
Dear Expert,
One of my friend is an architect.
His gross receipt for the year is 6 lakhs.
Is it mandatory to maintain books of accounts u/s 44AA. Please advice.
He had filled his return ITR4 :
there is the indication in Part A- General
Aye you liable to maintain books of accounts u/s 44AA - he mentioned no on that.
Please advice if books of accounts is mandatory . Should he file his revised return.
One of my friend is an architect.
His gross receipt for the year is 6 lakhs.
Is it mandatory to maintain books of accounts u/s 44AA. Please advice.
He had filled his return ITR4 :
there is the indication in Part A- General
Aye you liable to maintain books of accounts u/s 44AA - he mentioned no on that.
Please advice if books of accounts is mandatory . Should he file his revised return.
01 August 2012
yes it is necessary for specific professional (including architect)to maintain books of accounts if gross receipts exceed Rs.150000
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01 August 2012
Yes it is necessary for him as his gross receipts are exceeding the prescribed amount
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01 August 2012
Yes u can revise the return
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