Under section 62(2)(a) of the Income-tax Act, 2025, a person other than an individual or a Hindu…

Section 62(2)(a) of the Income-tax Act, 2025 requires books of account where income from business or profession exceeds "Rs. 1,20,000", or total sales, turnover or gross receipts exceed ten lakh rupees, in any one of the three years immediately preceding the tax year. For an individual or Hindu undivided family, section 62(2)(d) raises these limits to Rs. 2,50,000 of income and twenty-five lakh rupees of turnover. This corresponds to section 44AA of the repealed Income-tax Act, 1961.