I run my Dental Clinik.
I wanna to file ITR-4
But i dont carry any books & document.
I dont wana to pay Income Tax.
Should I have to maintain any books & docoment for My Profession.
How should I show my income for PY 10-11 n 11-12
Tharani Shankar
(Public Relations Director )
(51 Points)
Replied 11 June 2012
If you are Carrying on any Medical Profession, you have to maintain the following books:
Cash Book,
Journal (Mercantile system),
Ledger,
Carbon copies of bills/receipts issued for amount exceeding Rs.25,
Original bills/receipts from others for payments,
Daily cash register in Form 3C,
Inventory of drugs, medicines and other consumables on the First and last day of the previous year.
For more details refer https://www.accounting-n-taxation.com/Business-Tax-Accounting.html#Medical
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