It doubt cash deposit sec 44ada filer
Kollipara Sundaraiah (B.com) (2963 Points)
06 January 2022it assessee professional gross receipts rs:28 lacs net profit declared 50 percent rs:14 lacs sec 44ada provision.
question:
1.assessess accounting records maintained compulsory
2. net profit declared amount rs:14 lacs cash deposit in bank account accepted or less family expenses deducted in net profit after balance amount cash deposit in bank.