BOOKS OF ACCOUNTS
This query is : Resolved
06 July 2009
WHICH BOOKS OF ACCOUNTS ARE MANDATORY FOR ANY BUSSINESS CONCERN WHO FILE 10% INCOME ON HIS TOTAL TURNOVER OF RS.3000000/- U/S 44AF
07 July 2009
Only sales register is sufficient where the return is filed u/s. 44AF. Because the profit is dependent on the sales figure and you will have to prove that the sales shown by you is genuine.
Alternatively, if sales register is not possible to maintain, then you can also maintain the purchase register and arrive at the sales figure by adding gross profit to purchases.
Alternatively, if sales register is not possible to maintain, then you can also maintain the purchase register and arrive at the sales figure by adding gross profit to purchases.
07 July 2009
only sales register,
but in future if u shown less amount then,
normal registers....purchases day book,sales book,Cash book,bank account,other ledgers.he will ask na if you claim less than prescribed amount and you have to audit the books in such a situation...so even auditors required the fulfledged books.....so better maintain all....
but in future if u shown less amount then,
normal registers....purchases day book,sales book,Cash book,bank account,other ledgers.he will ask na if you claim less than prescribed amount and you have to audit the books in such a situation...so even auditors required the fulfledged books.....so better maintain all....
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
