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Why bookkeeping is necessary for my business

In short, book keeping is essential for your business To record all the business transactions for the production of financial statements To show clearly the nature and effect of each transactions and their combined result.
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satinder singh   wrote on : Sat Jul 20th,2013   Back to Article

i am running a tailoring work at home and my net income is rs. 15000/- per month after making expences. now my question is it is necessary to maintain books for my work if yes than what is the minimum limit or that

Reply :
Satinder Singh:

Thanks for choosing for your business needs. You are required to maintain books and records, you are claiming on your tax returns.

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