05 April 2023
Sir, A doctor professional income show in it returns profit declared sec 44ada provision 50 percentage profit declared every year. Question: 1.Assessess accounting records maintained compulsory 2.balance sheet prepared compulsory every year.
05 April 2023
1 & 2. Not compulsory but maintaining total receipts (Cash & Bank credits with net balances) with sundry creditors & debtors is mandatory.
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