12 August 2013
SIR MY NAME IS PURASTAM SAHOO. I AM A ONE COMMISSON AGENT IN SAHARA INDIA COMPANY.MY GROSS INCOME IS 600000(SIX LAKHS) IN THE FY (2012-13) .I WANT TO KNOW WHAT %(PERCENT) CALCULATE THE TOTAL INCOME AND I DO NOT MATAINT IN BOOKS OF ACCOUNT.PLESE SUGEST ME
12 August 2013
You are required to maintain Books of Account as your income exceeds Rs 1.20 lac. . You may contact an accountant and explain him the "expenditure side" also. You can claim reasonable expenses with proper supporting. .