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Which option is better

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 May 2018 I am practising as a homeo Dr and need to file my return for financial year 2017-18. No books of accounts maintained. To avail loan bank informed to show at least 5 lac income for the year. My CA advice to shown 10 lac as total income and use the benefit of section 44ada. Tax comes around 16k. Is it adviceable to proceed with that opinion. ??

Thanks in advance.

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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 May 2018 What is your actual income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 May 2018 Actual income is around 50k per month
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 May 2018 Yes choose the option suggested by your CA
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
19 May 2018 Inflating the gross receipts invites trouble.

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