1.AN INDIVIDUAL ASSESSEE HAS RECEIVED RS. 1,60,000 L.I.C. COMMISSION DURING THE F.Y. 2008-09. AFTER DEDUCTING HIS SAVINGS US 80C HIS TOTAL INCOME BELOW THE THRESH HOLD LIMIT IN THIS CASE MY DOUBTS IS 1. WHICH ITR FORM IS FILING TO HIS 2. HE IS LIABLE FOR BOOKS PREPARATION DURING THE F.Y. 2008-09
2. BOOKS OF ACCOUNTS IS MAINTAINED IS MANDATORY IN INDIVIDUAL CASES HOW MUCH.PLEASE TELL , THANKS IN ADVANCE
29 May 2009
He will have to maintain books of account if his income exceeded 1,20,000/- or gross receipts exceeded 10,00,000/- in any of three previous preceeding the current previous year u/s 44AA.
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