Bookkeeping for the Engineers
Bookkeeping for the Engineers, According to the Companies Act, 2013, engineers in India are exempt from maintaining books of accounts if their turnover does not exceed 1,20,000 in any of the three preceding years.
However, there are also some exceptions to this rule. For example, engineers who are also directors or partners of a company must maintain books of accounts regardless of the turnover of the company.
Additionally, engineers involved in certain high-risk activities, such as construction or trading in securities, must maintain books of accounts regardless of the turnover of their business.
If you are an engineer and you are unsure whether you need to maintain books of accounts, you should consult with an accountant or lawyer.
To visit: https://www.mca.gov.in/
For further details access our website: https://vibrantfinserv.com