10 June 2012
My most of clients are LIC or similar Commision agents...They dont maintain any record for the expenses or assets.. Most of them have Income above 5,00,000....Can any expert advice me that whether there will be any problem if in ITR i mention only GROSS RECEIPTS/GP/GROSS EXPENSES/NP which were required for case of non-maintainance of Accounts & DEBTORS/CREDITORS/STOCK/CASH.....?
CAclubindia
