No books of accounts
This query is : Resolved
11 February 2014
dear sir
a commission agent income of RS 190000 but he has no books of accounts. hence how can show expenses? is IT DEPT consider expenses
if show 30% to 40% exp? please advice me
thanks.......
a commission agent income of RS 190000 but he has no books of accounts. hence how can show expenses? is IT DEPT consider expenses
if show 30% to 40% exp? please advice me
thanks.......
11 February 2014
If he does not maintain books of account he may be made liable for paying penalty for non maintenance of books of account.
.
However, if you can produce the details of expenses and required documentary evidences
there may not be a penalty.
.
You may take some risk and file the return.
.
.
However, if you can produce the details of expenses and required documentary evidences
there may not be a penalty.
.
You may take some risk and file the return.
.
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