Books of Accounts
This query is : Resolved
30 March 2009
Hi
I wanted to know when does a professional needs to maintain books of accounts as per income tax rules. also tell me the section.
this is urget reply soon.
thanks
I wanted to know when does a professional needs to maintain books of accounts as per income tax rules. also tell me the section.
this is urget reply soon.
thanks
30 March 2009
Specified Profession - All cases
Non-specified Profession -
If income exceeds Rs.120000 or gross receipts exceeds Rs.1000000 during any of the immediately 3 preceeding previous years relevant to the previous year.
Refer Section 44AA.
Non-specified Profession -
If income exceeds Rs.120000 or gross receipts exceeds Rs.1000000 during any of the immediately 3 preceeding previous years relevant to the previous year.
Refer Section 44AA.
30 March 2009
just refer sec 44AA
01 April 2009
yes: i agree to both the answers
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