different Sections.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2010 in which sec. books of accounts has to maintained.
1, retailer (only grain)
2, retailer (grain & other simmilar product)
3, retailer (cement & hardware product)
4, retailer (electronics items)
5, retailer & wholeseller (electronics items)
6, retailer (provision store {i.e gifts articles,cosmetic items,recharge,mobile,etc)
7, manufacturing of iron & steel product like door,window,table,cabinet etc.
8, restaurant only foods, light foods
9, hotel (loading only)
10, hotel (boarding only)

more I have to ask but first this one.

thanks

SRINIVAS SRIRAJ

SRINIVAS SRIRAJ (Expert)
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20 March 2010 Refer to Sec.44AA and Sec.2(12A). No books are prescribed for the above businesses.
"44AA. (1) Every person ...........
(2) Every person carrying on business or profession [not being a profession referred to in sub-section (1)] shall,..........

keep and maintain such books of account and other documents as may enable the 44[Assessing] Officer to compute his total income in accordance with the provisions of this Act."