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?
Records of all the income expenditure vouchers would be verifed. May be audit report of the accounts be asked.
wHO CAN AUDIT MY AC?
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
