Sec 44aa

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praful (Querist)
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14 September 2013 Section 44AA mandates certain kinds of assessee to maintain books of Account but what if assessee does not cover under that certain kinds of assessee & he is under tax audit as per sec.44AD or AAAB as the case may be still he is require to maintain books of A/c as per Sec.44AA ? My question is based on clause 9 of Tax audit report whether I should report yes to all the clients or only to selected clients who are under gambit of certain kinds of assessee.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 November 2014 once you are covered under 44AB, 44AA has to be apply automatically.

only 44AA(1) applies to certain types of assessees. 44AA(2) applies to all other assessees...