One of gst registered sales of rice goods business person f.y 19-20 shown in 26 as download mentioned details below.
1.sft code: sft -003
2.name of filer: Lakshmi Vilas bank cash deposit in current account bank.
2.amount: 52,100/-
question:
Assess sft filed compulsory and how to shown in I.t. return f y.19-20.
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Sft 003 for cash deposits in current account bank
Replies (3)
Quick Summary
Is SFT Amount is only Rs. 52,100/- ?
if your income below Exemption limit, than you are not required to file income tax return.
if your income below Exemption limit, than you are not required to file income tax return.
Mistake rs:52,00,100 is correct( 52 lacs)
If this cash deposits is relating to your rice business (earned by selling rice & other).. than you have to consider the effect of same in your Turnover in income tax return.
Also Reconcile your GST turnover with turnover to be mentioned in income tax return.
Also Reconcile your GST turnover with turnover to be mentioned in income tax return.
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