Income show in itr 26as or collections receipts
This query is : Resolved
Kollipara Sundaraiah
(Querist)
23 September 2021
Sir,
A professional income it returns filed person gross receipts rs:40 lacs as per books in f.y.20-21
Sft-003 cash deposit in bank current account rs:45 lacs as per 26as in f.y.20-21.
Question:
Assess show in it returns income rs:40 lacs or rs:45 lacs in it act.
A professional income it returns filed person gross receipts rs:40 lacs as per books in f.y.20-21
Sft-003 cash deposit in bank current account rs:45 lacs as per 26as in f.y.20-21.
Question:
Assess show in it returns income rs:40 lacs or rs:45 lacs in it act.
Dhirajlal Rambhia
(Expert)
23 September 2021
If you have any justification for source of remaining Rs. 5 lakhs, then no problem; otherwise declare Rs. 45 lakhs minimum.
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