rahul (ARTICLE CLERK) (58 Points)
18 July 2021My actual income as per accounting principle is 580000 but on presumptive basis it 450000. I want my financial statement for loan purpose. But banker saying that my profit & loss does not matches with ITR hence not sactionong loan proposal. What is the remedy?
Lotus Agrawal
(Practice)
(1356 Points)
Replied 18 July 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 18 July 2021
Balamurali Unnithan MS
(STUDENT)
(1631 Points)
Replied 18 July 2021
rahul
(ARTICLE CLERK)
(58 Points)
Replied 18 July 2021
To match with ITR i have to book expenses which are actually not incurred. So is there any problem to book expenses which are actually not incurred?
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 18 July 2021
Balamurali Unnithan MS
(STUDENT)
(1631 Points)
Replied 18 July 2021
Rahul Ji -44AD -Does not ask for maintains of books of accounts.
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