Taxation

~~with focus on tax education~~

Mandatory Books of Accounts

Bookmark and Share

For businesses, professionals & manufacturers

Benefits of maintaining books of accounts:
Disavantages of non-maintaining books of accounts:
Books of accounts for Businesses:

With income up to Rs.200,000/-

With business income exceeding Rs. 200,000
(excluding wholesalers, distributors, dealers and commission agents:
Books of accounts for Professionals:(like medical practitioners, legal practitioners, accountants, auditors, architects, engineers etc.)
Books of accounts for Manufacturers (with turnover exceeding Rs. 2.5 million):
For details see rule 30 of Income Tax Rules 2002!

Labels: , , ,

posted @ 10:31 AM,

1 Comments:

At May 31, 2014 at 1:54 PM, Anonymous Saller said...

I would like to say that without proper activities each and every student will not be able to uncover a wide variety of sources on a suggested theme at university. Only those who will use our blog will get free writing tips on accounting here done in accordance to absolutely correct educational standards and theories. That means a lot as it gathers consistent materials for the future reference.

 

Post a Comment

Links to this post:

Create a Link

<< Home


Light Within

Enter your email address:


Blog Roll

ss_blog_claim=eebcdd26d5c32d5838ede03f68f01f91 ss_blog_claim=eebcdd26d5c32d5838ede03f68f01f91