Scrutiny assessment
This query is : Resolved
27 April 2019
One of our client was trading in vegetables, he has cash deposit of Rs. 46 lacs in a year and there are withdrawls also. What type of documents we can give to AO to prove our trade. we have filed return under section 44AD. Please suggest. Categorical and conclusive reply welcome.
CA R SEETHARAMAN
(Expert)
27 April 2019
If you have declared a turnover of 46 Lacs and above and 8% profit on it and paid taxes no problems.
Cash deposits will be the evidence for turnover.
Cash deposits will be the evidence for turnover.
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