Proof of turnover


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Querist : Anonymous

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Querist : Anonymous (Querist)
22 October 2012 Dear Sir,
In case of a assessee, who is a civil contractor and his contractual payments are only 21 lacs and also opted section 44ad for the same.
Please advise on one point, whether the form 16A issued by deductor and assessee's bank statement is sufficient to prove turnover before the AO.

Please clarify.

22 October 2012 In case, the assessing officer does not have any other evidence to prove that the turnover as shown by the assessee on the basis of Form 16A, vis-a-vis Bank Pass Book is incorrect, he has to accept the same. So, the reply is "yes, it's sufficient".

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 October 2012 Thanks Sir, can I get your email ID to ask queries relating to income tax.


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