06 May 2024
i think, if the intent is to report, then confirmation of cash receipt is not going to be something that I would record as a professional. If the intent is not to report, then anyway i am not recording. The whole point of 44ADA being not maintaining any records. maintaining cash records could and would only complicate other compliances.
06 May 2024
There is no specific rule how you maintain the records of the receipts, which is the only compliance under sec. 44AD/44ADA. Even during query/scrutiny these record is verified. Practically, we have found it useful to record it in two different columns, which saves time in future, in case it is needed.