#INCOMETAXACT #SECTION44AA #RULE6F #TRADE #PROFESSIONAL #ASSOCIATION The books of accounts that an assessee is expected to keep for Income Tax are outlined in Section 44AA of the Income Tax Act. Rules 6F and Section 44AA specify the requirements for keeping these books of accounts. According to this provision, Anyone who practices law, Medicine, Engineering, Architecture, Accounting, Technical consulting, Interior design, Who serves as an authorised representative for someone

#INCOMETAXACT #SECTIONA #TRADE #PROFESSIONS #SIMILARASSOCIATION #SECTION28 #SECTION44DB The Income Tax Act of 1961 contains a specific provision called Section 44A that specifies how a trade, professional, or other similar association's expenses are to be offset against the money it receives from its members through subscriptions or other sources. In the event of business or professional income, there is one category of expenses that the association may deduct as being incurr