Return filing query
Ankush (Student) (1329 Points)
22 March 2018
Risks if income more than actual is offered in return? Provisions applicable?
Nikhil Kaushik
(Fellow CA)
(85432 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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