Cash requirement

if a person having turnover of 6.5 cr and profit of 26 lacs as per profit amd loss account but actually he earned only 10 lacs.so how to reduce the profit if we entered the expenses that is actually paid in cash by proprietor then he is not having enough cash.how to introduce cash as he is new in bussiness last year return is as per 44ad.plz reply its urgent
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Quick Summary
This discussion addresses a business owner with a high turnover (£6.5 crore) but a significantly lower actual profit (£10 lakh compared to £26 lakh in P&L). The core issue is a cash shortage due to expenses paid in cash by the proprietor, impacting their ability to introduce funds. The advice touches upon booking cash expenses according to ITR rules and daily cash expense limits, while seeking solutions for introducing the necessary cash to cover these payments.

No question for shortage of cash if actually paid expenses in cash

You can book cash Expenses as per ITR rule

Daily cash Expenses limit will be applicable
But as per books how he can introduce cash to pay all of these expenses which is already paid in cash

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