https://www.taxtmi.com/manuals?id=4374 A taxpayer who elects the presumptive taxation scheme under section 44AE and declares income as prescribed (per-vehicle monthly rates or actual receipts where applicable) is not required to maintain books of account under Section 44AA in respect of the business covered by that presumptive scheme; other activities remain subject to normal book-keeping obligations. en-us Thu, 28 Dec 2023 15:56:00 +0530 Wed, 10 Jan 2024 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4374 A taxpayer who elects the presumptive taxation scheme under section 44AE and declares income as prescribed (per-vehicle monthly rates or actual receipts where applicable) is not required to maintain books of account under Section 44AA in respect of the business covered by that presumptive scheme; other activities remain subject to normal book-keeping obligations. Manuals Income Tax Thu, 28 Dec 2023 15:56:00 +0530 https://www.taxtmi.com/manuals?id=4374