13 September 2011
In case of Audit Returns, on 1st page in ITR what to fill in " Are u liable to maintain books of account u/s. 44AA and "Are u liable for audi u/s.44AB"
13 September 2011
As per 44AA some of the persons required to maintain books and specifies books has to maintain compulsory. It specifies cinema actors, doctors, lawyers etc..(please refer section) are has to maintain compulsory specified books by the section. In such cases you have to tick for 44AA YES otherwise NO. If the person liable to Tax audit under section 44AB then you have to tick for 44AB YES other wise NO. OM SAI SRI SAI JAI JAI SAI