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(Querist)
13 August 2010 if assesse not maintain books of account than how count incometax,accountant says total income 8% count as incomee in this case
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 August 2010 Only maintain total sales figure.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
13 August 2010 Agtee with expert You have to just maintain the records of sales and the presumtive Income tax Provision of Sec 44AD will be applicable.
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
13 August 2010 But the total To need to be less than 40 lakhs during the FY
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
13 August 2010 Ofcourse Vivek.
From F. Y. 2010 - 11 Rs. 60 lakhs.

Also i think this clause is w. e. f. F. Y. 2010 - 11 onwards.
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sachin alwadhi

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sachin alwadhi (Expert)
15 August 2010 YES,ABOVE LIMIT IS EFFECTED FROM 01.04.2010.

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