MAINTAINING BOOKS OF ACCOUNTS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2010
BEING LEGAL PROFESSION IF GROSS RECEIPTS ARE RS. 4 LACs and NET PROFIT RS. 2 LAC FROM LEGAL PROFESSION DURING THE ASSTT. YEAR 2009-10 (i.e. FINANCIAL YEAR 2008-2009), WHETHER IT IS COMPULSORY TO MAINTAIN BOOKS OF ACCOUNTS UNDER SECTION 44AA OF I.TAX ACT
THANKING YOU
THANKING YOU
01 April 2010
If the same status has been for last three years immediately preceeding the relevant year, then you need not to maintain books of accounts as per IT Act.
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