Maintain acccouts books

Is it necessary to maintain accounts books for tax purpose if individuals income is income from shares tarding and bank interest?

asked Jul 06 '11 at 18:08 by darshan 1344


If you are an investor and not a trader (huge volume of transactions, future and options, huge intra-day volume), then you don't need to maintain account books for income tax purposes.

answered Jul 07 '11 at 13:15 by Pankaj Batra 5.2k320

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Asked: Jul 06 '11 at 18:08

Seen: 1,273 times

Last updated: Jul 07 '11 at 13:15