Return filing query
Ankush (Student) (1369 Points)
22 March 2018
Risks if income more than actual is offered in return? Provisions applicable?
1 Replies
Nikhil Kaushik
(Fellow CA)
(86160 Points)
Replied 22 March 2018
there is not much risk as the government gets more tax from you. Nevertheless, it leads to unnecessary creation of fictitious capital in your personal balancesheet which should be avoided.
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