books of accounts to be maintained or not
This query is : Resolved
07 December 2010
An assessee has professional income of Rs. 1.50 Lac P.A. She also does tuitions and earns an income of Rs. 1.00 Lacs from it, thereby earning Rs. 2.50 Lacs P.A.
I want to know whether she is required to maintained the books with respect to Income Tax Act
I want to know whether she is required to maintained the books with respect to Income Tax Act
07 December 2010
If she wants all the benefits from IT for present & future. she better to maintain books of Accounts.
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