Arrangement for loan

your client have no more liability id u show income around 3.8 l and take maximum deduction avliable accordingly 

INCOME FROM

1) SALARY

2) BUSINESS

3) HOUSE PROPERTY 

4) CAPITAL GAINS (SHARES, STOCK)

6) OTHERS SOURCES E.G  CLUBBING, LOTTERY ETC

Originally posted by : vardan
	INCOME FROM 1) SALARY 2) BUSINESS 3) HOUSE PROPERTY  4) CAPITAL GAINS (SHARES, STOCK) 6) OTHERS SOURCES E.G  CLUBBING, LOTTERY ETC

 i never expected such a idiotic reply.

Originally posted by : PiyushAgrawal
	You shud revised the return ( if it can be according to time limits) and increased the business income or add some other income.

dont you understand english, i have already written that i have to file returns for 2 yrs, your answer is useless

binod ji, which income should i show to be most safe. e.g. if i show salary income i have to make arrangement for a fake employer who can accept it.

tution income is not considered by bank.

What i mean to ask is which will be the safest way to increase it

Show Business receipts around 5 lakhs in 1st year and  Declare profit of Rs 3 lacs. And for 2nd year show business receipts for Rs 6.5 Lacs and declare profit aromud Rs 3.8 lacs.

To avoid interest u/s 234B & 234C , File return of income on Estimation Basis as sec 44AD.  

Originally posted by : ghewarchand
	If he show receipt 6.5 lacs than what about VAT ? ???

He is clearly writing that his friend is engaged as Guide to Tourist. So how does the concept of VAT arises here. He is not involved in Trading Business. And he might have to pay service tax but turnover is within speified limit, so no liability arises here as well.