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The requirement for maintenance of books as per section 44AA is not required in case receipt is less than 10lac and the income is also less than Rs1.2 lac.
However, the said circular is not applicable In case commission received is
more than Rs 60,000/- . To justify the claim for actual expenses, the
accounts are supposed to be maintained. The expenses can be claimed and
sustantiated from the books of accounts.
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