HI EVERYONE,
I HAVE ONE QUESTION REGARDING SECTION 44AE. IF I FILL MY RETURN UNDER SECTION 44AE AND I AM OWNER OF TEN TRUCKS DURING THE LAST FINANCIAL YEAR. AND MY BANKING TRANSACTION IS AROUND 8CR. THAN IT DEPARTMENT CAN ASK ME TO SUBMIT ANY DOCUMENT REGARDING TRANSACTION?. IF YES, THAN WHAT KIND OF DOCUMENTS WE NEED TO SUBMIT TO IT DEPARTMENT. OR THERE IS ANY APPLICABLITY OF SECTKION 44AB?
THANKS IN ADVANCE
PLEASE REPLY ME SIR AFTER READING SECTION44AE
yaa you are correct sir but if ao invoke the provision of section 147/153 than what we should do?
YAA CORRECT BUT MY DEPOSIT OF CASH DURING THIS IS MORE THAN 1 CR IN MT BANK ACCOUNT THAN IT DEPARTMENT ASK ME FOR SOURCES OF CASH OR JUSTIFICATION FOR THE CASH THAN WHAT WE SHOULD DO??
yaa correct...........
I've not mentained any books of accounts because i'm filed my return u/s 44AE than waht we shoul do????
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