compulsory maintenance of BOA
This query is : Resolved
13 April 2009
DEAR ALL
IS ONE LIABLE TO COMPULSORY MAINTENANCE OF BOA IN THE FOLLOWING CIRCUMSTANCES
1) MR. X PROPRIETOR NET PROFIT IN PREVIOUS YEAR IS RS. 175000/-
2) MR. Y PROPRIETOR HAS TURNOVER OF RS. 1500000/- BUT NP OF RS. 145000/-
IS ONE LIABLE TO COMPULSORY MAINTENANCE OF BOA IN THE FOLLOWING CIRCUMSTANCES
1) MR. X PROPRIETOR NET PROFIT IN PREVIOUS YEAR IS RS. 175000/-
2) MR. Y PROPRIETOR HAS TURNOVER OF RS. 1500000/- BUT NP OF RS. 145000/-
13 April 2009
If the asessee is other than a 'specified professional' in both the situations he has to maintain BOA.
13 April 2009
Agree with the views.
14 April 2009
AGREE WITH THE VIEW OF ABOVE EXPERTS
IN SITUATION 2 OF MR Y YOU HAVE MENTIONED T/O WHICH MEANS HE IS INTO BUSINESS & NOT PROFESSIONAL, SO B O A BECOMES COMPULSARY
IN SITUATION 2 OF MR Y YOU HAVE MENTIONED T/O WHICH MEANS HE IS INTO BUSINESS & NOT PROFESSIONAL, SO B O A BECOMES COMPULSARY
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?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
