Query on rule 6F

Share
Share This Thread
  1. anshindepm

    anshindepm New Member

    I moved from being employed to self-employed last year. Basically I am a freelancer/software-consultant.

    Last year - FY 2014-15:
    Sales/ Gross receipts of business (services) is approximately 11.5 lacs


    This year - FY 2015-16:
    Gross receipts is approximately 20 lacs.

    Questions:

    Do I need to maintain books of accounts for this year (FY 2015-16) as per Rule 6F?

    Do I need to maintain last year's (FY2014-15) books as per rule 6F?


    Additionally, in the last year's ITR4 (FY2014-15) - The audit question was filled like this:
    >>> Whether liable to maintain accounts as per section 44AA? No

    Thanks!
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Query Regarding Standard Deduction Income Tax Apr 10, 2018
QUERY REGARDING INCOME TAX Income Tax Apr 2, 2018
Query related to sale of property Income Tax Mar 8, 2018
Query on TDS Income Tax Feb 27, 2018
Selling a House - Furniture and TDS Query Income Tax Feb 9, 2018