it assessess Gross receipts rs:12 lacs profit declared rs:6 lacs show in it returns as per sec 44ada provision.but profit rs:9 lacs credited by capital account in books.
question:
assessess difference profit 3 lacs undisclosed income treated in it act.
No. It's not undisclosed income, if you have declared totally 12 lakhs under sec. 44ADA of IT act.
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