Dear experts,
if we declare digital transaction at 6% and Cash transaction at 8% separately , do we need to clarify that by any means to the IT department? Is there any such option? Can we do it by Bank statement?
Please reply...
Thanks and Regards
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IT PRESUMPTIVE BASIS
Replies (3)
when you are going to file your income tax return you will get two separate columns for declaring the income in column of 6% and column of 8%. you don't need any separate disclosure except the above one.
clarification is needed only in case of any notice from the deptt. no separate disclosure is needed. your books of accounts will support in case of enquiry.
thanks experts...
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