22 June 2014
Turn Over 20 lakh Profit declared 1.5 lakh Is he liable to maintain the books or not ?
even if he opt for 44AD he is not required to maintain the books, as profit is not more than basic exemption slab
but as profit is less than 8% so would it be said that he is now not using 44AD ans if he is not using 44AD mean he is required to maintain books as per 44AA