Are there any threshold limit of account finalization for books and stationery?
Threshold Limit for Account Finalization Yes, there is a threshold limit for account finalization for books and stationery in India. Under the Income Tax Act, 1961, businesses with a turnover of less than INR 20 lakhs not required to finalize their accounts annually. However, businesses with a turnover of more than INR 20 lakhs… Read More »
