Dear Sir
I faced a problem from last year Actually My Client has not maintain the bookss properly and last year he was filed incme tax return under 44ad section but now The turnover is cross 2 cr this year but hw was not maintained books properly. At the time of finalisation of balance sheet how can we show the expenses.
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Regarding expenses in Balance sheet
Replies (4)
Quick Summary
Better to consider the matter to Your colleagues...
It's not a discussing matter in open forum.
It's not a discussing matter in open forum.
Ok Sir
You can not suddenly create expenses now. As you are required for an Audit, Tax Consultant will have to verify all Expenses, Purchase and Sales Invoices. Gone are the previous day as now after GST you can not do much af BACKDATED entries in the books of accounts. Well you can show some cash expenses as permissible and within limits of course. But fraudulent claims have risks associated with them.
Sir I'm asking this Question for Study and Memory purpose nd as per your rply I knw Sir its is illegal
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