21 July 2013
Clause 9 asks for "whether books of a/cs are prescribes u/s 44AA, if yes, list of books so prescribed"
Acc to sec 44AA, a person carrying on business or profession is reqd to maintain necessary books of a/cs for AO to assess income if certain turnover/income/receipts conditions are met. Acc to rule 6F, person carrying on certain PROFESSION are reqd to keeps the books mentioned in the list....
Now my question is, in case of business, what would be the condition when we would select Yes for clause 9 in 3CD report...or there would always be a no in case of business, as no list of books has been prescribed for it...
CAclubindia
