23 October 2014
There is... u start building up ur assets..e.g.. u filled nil return with income of 2 lakhs Second year also nil return of 2 lakhs in 3 rd year u had income of 6 lakhs still u showed income of 2 lakhs.. on scrutiny in ur balance sheet there will be total asset of 6 lakhs which will tally .. it will help in future when u shall have black money.
CAclubindia
