28 November 2010
When the client is not maintaining regualar accounts then it is advisable to file a "no account case" return.
These returns are based on presumtive profits like Section 44AF.
Please make sure that you follow the provisions of presumtive section strictly while filing the return. For example you will have to declare the profit @ 8% on Rs. 60 lacs for A.Y. 2011-12 or you may declare higher profit also.
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