28 October 2021
Need to file ITR3 or ITR4 in case of individuals or ITR 5 in case of partnership firm, AOP etc; wherein your total cash receipts/sales including any cash loans etc. should exceed the said amount; whatever be its taxable income.
10 November 2021
No other income to be assessed. Just check your cash transaction along with contra entries of cash & bank as per books. It should tally as per the SFT report. Your tax liability will be as per income declared in ITR.
26 November 2021
Sir, entries reacted in bank statement and assessee is salaried person then it will be treat other income?? and tax should be paid on assessed income?
CAclubindia
