Cash flow statement in scritiny case
This query is : Open
26 October 2011
ITO ask me to produce cash flow statement in a case of cash deposit of Rs.1750000/- deposited in a saving account during the year in an individual assessee scritiny case where no books of account has been mantained.cash deposited by 10-15 times during the year on different dates ranging from 50000/- to 200000/-. what can i do and how can i prepare the cash flow statement.
26 October 2011
If You opt section 44 Ad then no requirement of books.
If ITo not surrender to u, prepare cash flow statment by direct method.
as Cash opening
Add. Cash earned
Less Cash utilised
cash closing
i think Ito want to check that in previous year your cash was negative or not.
If ITo not surrender to u, prepare cash flow statment by direct method.
as Cash opening
Add. Cash earned
Less Cash utilised
cash closing
i think Ito want to check that in previous year your cash was negative or not.
26 October 2011
If You opt section 44 Ad then no requirement of books.
If ITo not surrender to u, prepare cash flow statment by direct method.
as Cash opening
Add. Cash earned
Less Cash utilised
cash closing
i think Ito want to check that in previous year your cash was negative or not.
If ITo not surrender to u, prepare cash flow statment by direct method.
as Cash opening
Add. Cash earned
Less Cash utilised
cash closing
i think Ito want to check that in previous year your cash was negative or not.
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