Income declared in section 44AF
subhash Meshram (39 Points)
15 December 2017subhash Meshram (39 Points)
15 December 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185379 Points)
Replied 24 December 2017
"Wheather this income declared in 12 years nearly 16 lakhs will be considered the income for all purposes."
ANS.: It will be considered as income for respective years, but not the savings as total, specifically if only in cash mode.
subhash Meshram
(39 Points)
Replied 26 December 2017
Dimple Mahatre
(Professional)
(247 Points)
Replied 23 April 2019
Check if the financial statements are prepared and authorized by any CA. That will be accepted alongwith the ITR. Just ITR based on presumptive assessment are not authentic evidence of income.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)