Querist :
Anonymous
(Querist) 06 January 2012
This query is : Resolved
Hello R/All Q.If return filed u/s 44 AF for AY 10-11,can AO demand Vouchers,Receipt etc. under scrutiny case in this concern.
A V Vishal
(Expert) 06 January 2012
No, however if the net profit declared is lower than the prescribed rate then books of accounts are to be maintained and produced during scrutiny.
Raj Kumar Makkad
(Expert) 07 January 2012
I fully endorse the views of vishal.
Deepak Nair
(Expert) 07 January 2012
I too agree with Mr.Vishal
Querist :
Anonymous
(Querist) 07 January 2012
Thank u sir for ur precious suggestion..
Devajyoti Barman
(Expert) 07 January 2012
Yes agreed with the views above.. nothing to add more.
soumitra basu
(Expert) 08 January 2012
Income tax officer can only verify the turnover. Section 44AF has prescribed that the assessee need not maintain books of accounts.
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