Maintenance of books of account in the case of an HUF carrying business is mandatory, if the turnover or gross receipts in any one of the three years immediately preceding the previous year exceeds:
A. ₹ 10 lakhs
B. ₹ 15 lakhs
C. ₹ 25 lakhs
D. ₹ 100 lakhs
Answer:A
Maintenance of books of account in the case of an HUF carrying business is mandatory, if the turnover or gross receipts in any one of the three years immediately preceding the previous year exceeds:
A. ₹ 10 lakhs B. ₹ 15 lakhs C. ₹ 25 lakhs D. ₹ 100 lakhs