OMISSION OF BANK A/C INTHE BALANCE SHEET ASSESSED

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

11 January 2011 OMMISSION OF BANK A/C BALANCE SHEET ASSESSED AS ESCAPED INCOME KINDLY KNOW THE MATTER APPEALED WHAT FACT AND GROUND CAN BE EXPLAINED TO REDUCED THE TAX LIABILITY

CA Ankit Gulgulia (Jain)

CA Ankit Gulgulia (Jain) (Expert)
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11 January 2011 You must come up with a Detailed Explanation before which it will possible to Precisely Zero in on the Conclusions.

CA Shailesh Kumar Bhagat

CA Shailesh Kumar Bhagat (Expert)
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11 January 2011 This is a case of mismatch of balance sheet , If bank balance will increase, profit will also increase.

So on this profit, tax will apply.

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