Section 44AA

Section 44AA has made it compulsory for certain specified professionals to maintain books of account and other documents for income tax purpose. Followings are the provisions of section 44AA of Income tax act, 1961. Followings professions will be treated as specified profession for the purpose of section 44AA and they need to maintain their books of accounts and other … [Read more...] about Section 44AA – Compulsory Maintenance of Books of Account under Income Tax Act