https://www.taxtmi.com/acts?id=23531 Amendment increases the monetary thresholds in section 44AA(2) for individuals and Hindu undivided families so that clauses (i) and (ii) require maintenance of books and documents only when income or total sales, turnover or gross receipts exceed the newly prescribed higher limits; the change applies to both ongoing and newly set up businesses and takes effect from the notified commencement for the relevant assessment year and subsequent years. en-us Wed, 01 Feb 2017 17:45:11 +0530 Wed, 01 Feb 2017 17:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23531 Amendment increases the monetary thresholds in section 44AA(2) for individuals and Hindu undivided families so that clauses (i) and (ii) require maintenance of books and documents only when income or total sales, turnover or gross receipts exceed the newly prescribed higher limits; the change applies to both ongoing and newly set up businesses and takes effect from the notified commencement for the relevant assessment year and subsequent years. Act-Rules Bill Wed, 01 Feb 2017 17:45:11 +0530 https://www.taxtmi.com/acts?id=23531