Regarding 44aa
asheeq ua (ca ipcc) (313 Points)
23 December 2018
One of my client Turnover is 3.5 lakh and net income is 2.3 lakh should he maintain books of account U/s 44AA ?
4 Replies
MOHAMMED IMRAN
(1020 Points)
Replied 23 December 2018
if assessee is individual or HUF then NOT required to maintain books of account u/s 44AA
otherwise he is required to maintain boos of account
otherwise he is required to maintain boos of account
saurabh sawlani
(2191 Points)
Replied 23 December 2018
Under section 44 AA of the Income tax act 2017 your profit is more than 2.5 lacs or turnover exceeds 25 lacs you have to maintain books of accounts .
Vansh Bharti
(17 Points)
Replied 23 December 2018
No need to maintain books of accounts in your case
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