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Taxable Income

Are professionals required to maintain books of account?

Yes. The following books and documents are to be maintained mandatory: Cash book Journal in case of mercantile system of accounting Ledger Carbon copies or counter foils of all bills issued, being serially numbered Original copies of all expenditure bills. Signed vouchers where bills not available for less than Rs 50.

Source: Income Tax Department

Salaries

Income from House Property

Capital Gains

Income from Other Sources

Wealth Tax

TDS

PAN

General

Taxable Income

Return of income

Assessment

Due dates for filing tax returns

Deductions

NRIs

Sections
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