one of sec 44ada professional income I.t. return filed assess cash balance in books as on date:20-08-2019 Rs:15 lacs.assess purchases of site Rs:27 lacs payment through on bank mode as on date:20-08-2019.
question:
Cash balance as on date:20-08-2019 Rs:15 lacs
site purchases value rs:27 lacs as on date:20-08-2019
difference amount rs:12 lacs cash balance adjustment producer in books as on date:20-08-2019.
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Cash balance adjustment for site purchases
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If its purchased thru bank payment, then how does cash balance matters?
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