Difference itr vs books for profit d
Kollipara Sundaraiah (B.com) (2963 Points)
24 January 2023case-1
profit declared as per it returns rs:7,50,000/- (50 percentage)
profit show as per books rs:9 lacs (70 percentage)
case-2
profit declared as per it returns rs: 9 lacs (70 percentage)
profit show as per books rs:7,50,000/- (50 percentage)
question:
difference profit itr vs books amount adjustment procedure in books and difference profit tax applicable.