One of my friend having airtel mobile distributorship. in transaction with airtel he has deposited cash in account of the company directly many times. At the time of Assessment the ITO has added all the amounts in income. So, please give me the solution what step should be taken.
2 Replies
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 20 June 2011
for any solution detailed study of the case is required....
it will be better to contact a taxation professional near-by you.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 20 June 2011
cash deposited above 20000 will be disallowed
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
