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
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.
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