hello expert's,
my business taxable income is 486260/- after 80c 80d deduction.
and I was showing my household expenses are 55000/-
then after remaining closing cash in hand Rs 34220/- on 31March.(books)
any problem come from IT
please help me
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Personal expenses (drawings)
Replies (2)
Unless the file gets open for scrutiny, there would be no problem.
If you are filing returns u/s 44AD, then there is least chances of any notice/legal proceedings
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