web analytics

Existing (Financial Year 2016 - 2017 or AY 2017-18)

It is compulsory to maintain books of accounts if

If turnover >10,00,000

or

PGBP Income >1,20,000

or both

in any of last 3 years

(In case of new business, where turnover is likely to exceed 1000000 or Total income Likely to Exceed 12000 during Current Year)


New(Financial Year 2017 - 2018 or AY 2018-19)

It is compulsory to maintain books of accounts if

If turnover >25,00,000

or

PGBP Income >2,50,000

or both

in any of last 3 years

(In case of new business, where turnover is likely to exceed 2500000 or Total income Likely to Exceed 250000 during Current Year)

  1. Tax Practical
  2. Budget Amendments - Changes in 2017-18
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
Jail