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What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income tax Act 1961? ||

The Income-tax Act 1961 does not prescribe any specific books of account for a person engaged in business or in non-specified profession. However, such a person is expected to keep and maintain such book of account and other documents as may enable the Income Tax Assessing Officer (ITO) to compute his total income in accordance […]