28 July 2011
My Client having total Prof receipts Rs. 16 Lacs. Total income truely decleared Rs. 965000/-. Tax adjusted with TDS and there is refund of Rs. 21500/-. 100% income through Bank. But there is cash expenses. His cash balance now showing negative of Rs. 190000/-. His source of cash expenses is cash received from spouce. but he is not ready to show it as a gift or uncecured loan. There is no manipulation in accounts.
Please suggest me how I generate required cash so that no additional burden would arise and cash balance also be positive.
CAclubindia
