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Under Section 44AA of the Income Tax Act, the specific requirements for maintaining books of accounts include:
Detailed records of all receipts and expenses.
Cash book, ledger, journal, and other financial records.
Bills and receipts for purchases and sales.
Records of assets and liabilities.
Statements of bank accounts and reconciliation.
For professionals, additional records such as details of patient/client visits, fees received, and inventory of drugs or consumables.