banner_ad

Regarding Asstt.

Others 258 views 4 replies
Sir due to oversight the assessee has not filed his income tax return for the year 2018-19 and the assessee has been deposited his sales in bank about Rs 70-00Lac.In this respect the department has been issued a notice under section 148(1)(A) and the assessee was filed an reply by. showing that the income of the assessee does not comes under the criteria of income tax and in this respect the department was issued notice under section 148,and in response to this notice assessee filed his return under section 44AD by showing profit more than 8%and now the case of the assessee has been fixed for secrutiny under efaceless.and ask for details of expenditure,sundry creditors profit and loss account cash book bank account statement etc.Sir I want to know that in case filed the return under section 44AD and deposited the tax,cess,Intt comes on his income can the department demand the above said documents in respect of income tax return filed under section 44,AD Thanks
Replies (4)
What's the turnover?
bifurcation of cash sales and credit sales is desirable.

Yes, as scrutiny process based on cash deposits had already been initiated, while you can reply based on your filed ITR.

Turnover was Rs,70-00Lac
Provisions are there for respective issues.
cash deposit for cash sales.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details