Dear Sir,
employer filed his itr under section 44AD.he paid cash salary Rs.20000 to employee in each month can employer and employee face and issues In future.
Even though you are not filing Profit and Loss account and Balance sheet in ITR 4 ( section 44AD) , question will not arises of disallowance of Cash expense look like , however Cash and Equivalents including sundry debtors , sundry Creditors , stock are mandatory information in ITR 4 , so please check accordingly how section 40(A)(3) may applicable .
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
