Tag Archives: #AccountingBoundaries

There are any threshold limit of bookkeeping for books and stationery?

Threshold Limit for Bookkeeping for Traders   There is no threshold limit for bookkeeping for traders, books and stationery in India. However, businesses with a turnover of Rs. 1,20,000 or more in any of the three preceding years are required to maintain books of accounts under the Income Tax Act, 1961. This includes records of… Read More »