~~with focus on tax education~~

Mandatory Books of Accounts

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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!

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posted @ 10:31 AM,


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

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