If revenue receipt is mixture of both type, Bank receipt as well as cash receipt, than how to show in ITR?
Do we have to show total revenue as cash and compute 8% profit ? or we have to show both separately and compute 6% and 8% profit respectively?
5 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 30 June 2022
You have to show both figures separately and declare 6% or 8% on respective receipts
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