I wan to know what is entry system prevalent to evade taxes? How do people use it ?
CA Rohan Bajaj (CA) (142 Points)
02 June 2024I wan to know what is entry system prevalent to evade taxes? How do people use it ?
NARENDRA
(ACCOUNTS MANAGER)
(1712 Points)
Replied 02 June 2024
Normally make entries of expenses & or take purchase invoices (where depend on person to person how they deal to save gst ) , or those invoices removed from the books where til not uploaded on the portal. If it is an individual's books then take the policies & try to get the benefit of 80C ,80D ,.......take home loans etc. to keep away from paying taxes.
CAclubindia
