Legal ADDA

Specified Professions Accounting Records (Rule 44AA with Rule 6F)


Specified Professions Accounting Records; Person Engaged in Activity of Specified Profession (Professionals/Person) ; Maintain Compulsory Books of Accounts and Accounting Records.

  • Such Specified Profession are;

    • Legal
    • Medical
    • Engineering
    • Architectural
    • Accountancy (Chartered Accountants, CMA)
    • Technical consultancy
    • Interior decoration
    • Authorised representative -A person who represents another person for a fee before a tribunal or any authority constituted under any law. It does not include an employee of the person so represented or a person who is carrying on the profession of accountancy.
    • Film artist — This includes a producer, editor, actor, director, music director, art director, dance director, cameraman, singer, lyricist, story writer, screenplay or dialogue writer and costume designers.
    • Company secretary


  • Secondly, to maintain Accounting Record as Per Rule 6F. Such Record consist followings

    • Cash Book
    • Journal
    • Ledger
    • Copy or Carbon copies of sale bills, exceeding Rs.25/-, which should be serially numbered.
    • Bills of expenditure incurred, exceeding Rs.50/-, along with signed payment vouchers.
    • A person carrying on medical profession shall, in addition to the books of account and other documents specified in sub-rule (2), keep and maintain the following, namely ;(i) a daily case register in Form No. 3C;(ii) an inventory [under broad heads] as on the first and the last day of the previous year, of the stock of drugs, medicines and other consumable accessories used for the purpose of his profession.

      Such Records to be maintain for 8 Years.

that is Compulsory to maintain Books of Account and Accounting Records with out any Turnover and Net Income Limit. while filing return there has to select tick mark of “Required to maintain books of account as per 44AA”; Yes

Above Specified Person also includes activity Notified by Government on official platform.

If the gross receipts of the Professions listed above are not more than Rs 1,50,000 in any one or more of the preceding 3 years for an existing profession or for a newly set up profession whose gross receipts are expected to be not more than Rs 1,50,000 ; the professional is not required to maintain books of accounts.

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