Maintenance of books of account.

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....sub-section (2), shall keep and maintain such books of account and other documents to enable the Assessing Officer to compute his total income under this Act. (2) The conditions in respect of persons referred to in sub-section (1)(b) shall be the following:-- (a) where the income from business or profession exceeds Rs. 120000 or its total sales, turnover or gross receipts from such ....

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....s or profession exceeding Rs. 250000 and its total sales, turnover or gross receipts from such business or profession exceeding twenty-five lakh rupees. (3) For the purposes of this section, the Board may prescribe-- (a) the books of account and other documents (including inventories, wherever necessary) to be kept and maintained; (b) particulars to be contained therein; ....