Turnover & np limit for maintain books
This query is : Resolved
22 August 2016
Dear Experts,
What is limit of turnover & NP for maintain books of accounts for Proprietor, Partnership firm, Company etc.
Please advise.
Rakesh Sharma
What is limit of turnover & NP for maintain books of accounts for Proprietor, Partnership firm, Company etc.
Please advise.
Rakesh Sharma
23 August 2016
THE TURNOVER SHOULD BE LESS THAN 1.00 CRORE AND PROFIT SHOULD BE 8% OF THE TURNOVER. YOU NEED NOT MAINTAIN ANY BOOKS OF ACCOUNTS. THIS IS APPLICABLE FOR PROPRIETORSHIP AND PARTNERSHIP BUSINESS ONLY.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
