If I start start transaction in our current ac of my partnership farm daily depositing 2 lac and withdraw maximum amount on next day for next 60 days. Total deposit amount can be 1cr and withdraw also 1 Cr. How can I show this in business file and what can be the consequences?if I show only 2-3 lack profit on this transaction what can happen?
Menu
Deposit in current ac
Replies (3)
Records of all the income expenditure vouchers would be verifed. May be audit report of the accounts be asked.
wHO CAN AUDIT MY AC?
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
