31 August 2010
Can Please anyone tell me "if interior decorator's turnover is 3Lakhs he Didn't maintain proper Books of Account then what is the impact what to do?
31 August 2010
As per sec 44 AA of the Income TAx Act (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified 707 by the Board in the Official Gazette shall keep and maintain such books of account and other documents as may enable the Assessing Officer to compute his total income in accordance with the provisions of this Act.
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