WebSep 21, 2024 · * maintenance of books of accounts are compulsory for all like branch office of the company in India or outside India at their particular office. but at the end of the FY all the summarised books of accounts must be send to the registered office or any the place decided by board. WebOutsourced bookkeeping services involves preparation and maintenance of day to day transaction. Chart of account review and set – up. ... Maintaining proper books of accounts are a real challenge for small to medium enterprises. If your business is registered under the commercial company law in UAE, it is compulsory for you to maintain all ...
Section 44AA of Income Tax Act Compulsory maintenance of books of ...
WebSep 5, 2024 · Section 44AA provides for maintenance of books of account by an assessee under the Income-tax Act. The table below demonstrates the requirement for … WebJul 18, 2024 · How many years books of Accounts should be maintained under Income Tax Act? Each year’s books must be kept for a period of 6 years from the end of the relevant Assessment Year. For example, Books of Accounts for FY 2024-21 shall be maintained till FY 2027-28. Penalty under Income tax m\u0026d\u0027s scotland\u0027s theme park
Maintenance of the books of accounts for Income Tax …
WebFeb 27, 2024 · 1.1 Requirement of maintenance of books of accounts (Section 128) Section 128 (1) creates an obligation on the company that every company shall prepare and keep following documents at its registered office which gives a true and fair view of the state of affairs of the company: books of accounts and. Other relevant books and papers and. WebAug 19, 2024 · The Companies (Accounts) Fourth Amendment Rules, 2024 amended that the books of account and other relevant books and papers maintained in electronic mode should remain accessible in India “at all times”. The latest amendment says that the back up of the books of account and other documents kept in electronic mode, including at any … WebJul 18, 2024 · As per Section 44AA of Income Tax Act, 1961, some specified taxpayers are required to maintain books of accounts for the purpose of income tax. Books of … m\u0026d property management hanford ca