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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
Replies (2)
Quick Summary
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
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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