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        Income Tax

        Section 62 - Maintenance of books of account.

        Income-tax Act, 2025
        Part D
        Profits and gains of business or profession

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        Maintenance of books of account requires certain professionals and businesses to keep records enabling computation of taxable income. Section 62 requires maintenance of books of account by persons in specified professions and by other businesses or professions when statutory threshold or situational conditions are met, enabling computation of total income; the Board may prescribe the specific books, particulars, form, place and retention period, and 'specified profession' is defined to include several listed professions and others as notified.
                  Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                    Provisions expressly mentioned in the judgment/order text.

                        Maintenance of books of account requires certain professionals and businesses to keep records enabling computation of taxable income.

                        Section 62 requires maintenance of books of account by persons in specified professions and by other businesses or professions when statutory threshold or situational conditions are met, enabling computation of total income; the Board may prescribe the specific books, particulars, form, place and retention period, and "specified profession" is defined to include several listed professions and others as notified.


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