WebPrivate Limited Company. Professional Tax. Public Limited. SAC Codes. Small Business. Sole Proprietorship. Start Business – WM 2. start business – WM 3. Start Your Business – WM. WebSep 26, 2024 · This contained in Rule 6F of the Income Tax Rules-1962. As per Rule 6F (2) the following books of accounts and documents are required to be maintained: 1) cash book, 2) Journal, if the accounts are maintained as per mercantile system of accounting, 3) ledger. 4) carbon copies of bills, serially numbered and carbon copies or counterfoils of ...
Books of Accounts -Section 44AA of Income Tax Act, 1961 - Baba Tax
WebJun 13, 2024 · The profession or businesses must maintain books of all accounts and other documents to enable the Accounting Officer to calculate their taxable income as per the Income Tax Act when the income is more than INR 120000 or total sales, turnover or gross receipts are more than INR 10 lakhs in all preceding three years. No specific records are ... WebSection 44AA: Books of Accounts to be maintained by persons not covered above. As per Section 44AA, persons carrying on the professions specified above are mandatorily required to maintain their books of accounts. However, the persons who are not covered in the list of professions specified under Section 44 AA which are mentioned above are ... images of offices in homes
Maintenance of Books of Accounts Under Income Tax Act, …
WebMar 21, 2024 · The following books of accounts and papers must be kept in accordance with Rule 6F (2): 1) a cash register, 2) If the accounts are kept under the commercial … WebIn this case, a $21 difference exists between book and tax profit. This difference results in a lower income tax liability on the company’s financial statement than what is actually … WebExperienced in formulating & implementing accounting policies & procedures and maintaining statutory books of accounts & financial … images of office reception areas