44aa
This query is : Open
28 May 2014
what is meaning of books of account are prescribed under section 44AA??
28 May 2014
Rule 6F prescribes books of account ot be maintained by specified persons.
6F(2) – professionals
a) Cash book
b) Journal, in case of mercantile system of accounting.
c) Ledger
d) Carbon copies of bills serially numbered in case of bills or receipts of Rs. 25/- and more
e) Original Bills and receipts in respect of expenditure. Payment vouchers in case of bills and receipts not issued and the expenditure do not exceed Rs. 50/- (Vouchers may not be prepared if the cash book mentioned contains adequate particulars in respect of expenditure incurred.)
‘Cash book’ means a record of all cash receipts and payments, kept and maintained from day to day and giving the cash balance in hand at the end of each day or at the end of a specified period not exceeding a month.
6F(3)-Medical Professional’s- in addition to above-
a) A daily case register in Form No. 3C
b) Inventory Register of stock of drugs, medicines and other consumable accessories
6F(2) – professionals
a) Cash book
b) Journal, in case of mercantile system of accounting.
c) Ledger
d) Carbon copies of bills serially numbered in case of bills or receipts of Rs. 25/- and more
e) Original Bills and receipts in respect of expenditure. Payment vouchers in case of bills and receipts not issued and the expenditure do not exceed Rs. 50/- (Vouchers may not be prepared if the cash book mentioned contains adequate particulars in respect of expenditure incurred.)
‘Cash book’ means a record of all cash receipts and payments, kept and maintained from day to day and giving the cash balance in hand at the end of each day or at the end of a specified period not exceeding a month.
6F(3)-Medical Professional’s- in addition to above-
a) A daily case register in Form No. 3C
b) Inventory Register of stock of drugs, medicines and other consumable accessories
Message likes :
1 times
28 May 2014
thank you mam.. in short it is applicable to professional, and not to company or any business is it???
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Import license renewal
- 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 ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
