Which professionals must maintain books of accounts?
Every
person who is in the following professions must maintain the books of
accounts compulsorily if his total gross receipts exceed Rs.150000/= in any of
the three years immediately preceding the previous year or is likely to exceed
Rs.150000/= during the year:-
- Profession of Law
- Profession of
Medicine
- Profession of
Engineering
- Profession of
Architecture
- Profession of
Accountancy
- Profession of
Technical Consultancy
- Profession of
Interior Decoration
- Film Artists: -
includes actor, cameraman, director, music director, art director, dance
director, editor, singer, lyricist, story writer, screen play writer, dialogue
writer and dress designer.
- Company Secretary
- Profession of
Information and Technology