25 July 2011
respected sirs, an individual (male) doing retail trading business. as per p&l sales = 2500000/- profit = 100000 cash credits = 80000 net profit = 180000(7.2% only) cash credits is also shown as business income only. if this case is taken for scrutiny, what will be sequence??
i filed this return already. thats why iam bothered. in case if ITO takes this for scrutiny, will he accept if i pay the difference of tax alone(that comes to around rs.2000/-)
CAclubindia
