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Income from two business.
Income from commission business of pan card work rs 115000 and tds deduct u/s 194h and Rto agent income 123000 no tds deduct so, my query is a proprietor liable to maintain books of account or can he file itr 3 without maintain books of accounts.
Replies (5)
Till AY 2017-18, No. Books of accounts were mandatory.
From AY 2018-19....... No need to maintain books till PGBP income doesn't cross 2.50 lakhs.
Dear sir any section for the same
Section 44AA of IT act, 1961; as amended by finance bill 2017.
Thanks sir
Welcome, Dear.
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