You need to have books of accounts if your business income exceeds ₹2.5 lakh

 As per Section 44AA, where income is classified as business income, where the income exceeds ₹2.5 lakh or the turnover or gross receipts exceeds ₹25 lakh in any of the three years immediately preceding the relevant FY, the taxpayer is required to maintain books of accounts


Read more:  https://www.livemint.com/money/personal-finance/you-need-to-have-books-of-accounts-if-your-existing-business-income-exceeds-2-5-lakh-11604249313011.html 



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