30 July 2022
As per Our books purchase turnover is Rs.1.38 Crore but Income Tax AIS summary is Showing 1.49 Crore of purchase turnover. There is mismatch of purchase turnover amount. We have purchase the Machinery during the year and transferred machinery value to the fixed asset . Does we require to submit feedback to income tax dept.
30 July 2022
If the purchase figure in AIS is equivalent to your purchases including machinery purchase, no need to submit feedback. Otherwise you may submit it.
CAclubindia
