https://www.taxtmi.com/manuals?id=3214 An assessee must prepare and maintain books of account when income, gross turnover or receipts exceed prescribed thresholds; Section 44AA governs maintenance while Section 44AB governs audit. The rule distinguishes specified professions, non specified professions, businesses, and businesses covered by presumptive taxation schemes, with thresholds and scheme eligibility determining the extent of record keeping and whether audit obligations apply. en-us Wed, 29 Nov 2023 17:20:00 +0530 Wed, 29 Nov 2023 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3214 An assessee must prepare and maintain books of account when income, gross turnover or receipts exceed prescribed thresholds; Section 44AA governs maintenance while Section 44AB governs audit. The rule distinguishes specified professions, non specified professions, businesses, and businesses covered by presumptive taxation schemes, with thresholds and scheme eligibility determining the extent of record keeping and whether audit obligations apply. Manuals Income Tax Wed, 29 Nov 2023 17:20:00 +0530 https://www.taxtmi.com/manuals?id=3214