Current account transaction 1 crore 45 lakh

Singh Kamboj (409 Points)

25 August 2024  
one business man file income tax return under section 44AD but during the previous year he open one current account in his name and doing transaction 1 crore 45 lakh ( 55 lakh cash and remaining online and cheques transactions) I file the return under 44 AD after increasing sale and reduce the rate of profit. I file return as per AIS which shows the cash transaction during the previous year. till today I am not e- verify the return as I want to revised hus return. pls suggest me what can I do for the safety of this person.