Hello all
One of my clients accountant filed ITR of my client showing 84lac as receipts from agriculture and 40 lacs as agricultural expenditure. And no other income was shown. My client is a coffee planter having plantation around 22 acres..
His bank accounts do not have major transactions.. It is below 15 lac
And his actual agricultural income do not 10 Lac
Now AO asking for proof for receipts and payments mentioned in itr
Or else same treated as business income and tax shall be paid.
Now how to deal with this.. Kindlys suggest.
CAclubindia
