Easy Office
LCI Learning

books of accounts

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 October 2007 assessee maintaining proper day book but not maintaining subsidiary ledger ,can the assessing officer on this ground reject books of accounts?
Profile Image

CA. Dashrath Maheshwari

Profile Image

CA. Dashrath Maheshwari (Expert)
23 October 2007 If the assessee is liable to maintain books of accounts as per IT Act then assessing officer can reject books of accounts on the ground you have mentioned.
Profile Image

CMA Gul S

Profile Image

CMA Gul S (Expert)
23 October 2007 Hi Ankit,

Wo the ledger the AO would not be able to verify the Accounts and then the financials statements.

He can reject all what he cannot understand and not within the Provisions, coz the defn of books of accounts contains ledger in that
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
08 November 2007 As per sec 44AA it is mandatory to maintain books of accounts.
Profile Image

KAAPIL

Profile Image

KAAPIL (Expert)
08 November 2007 As per Sec. 44 A it is mandatory to maintain books of accounts.
Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
09 November 2007 Thanks for the secondment

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links