saurabh sawlani
(2158 Points)
Replied 18 September 2020
Papinder Singh
(Taxpayer)
(72 Points)
Replied 18 September 2020
Saurabh-ji, thank you for your advice, but I prefer doing taxes on my own, this is why I spend a lot of time researching... I now consulted with the FAQs on the Indian Income Tax website, there are some helpful FAQs when browsing Section 44AA of Income Tax Act, I found this question to be very helpful:
The Income-tax Act does not prescribe any specific books of account for a person engaged in business or in non-specified profession. However, such a person is expected to keep and maintain such book of account and other documents as may enable the Assessing Officer to compute his total income in accordance with the provisions of the Act
Since I already have a personal book of accounts, I might be able use this when required in case the assessing officer wants to compute my total income. Please correct me if I am wrong.
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 22 September 2020
Live class on PF & ESI Enrollment & Returns Filing(with recording)