One of my clients showing turnover for the financial year 2019-20 as per GST is Rs.78,36,000. But his Bank statement shows a transaction value of Rs.1,17,00,000. in which amount i should disclose as turnover in Income tax return.
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Turnover Difference
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Data with gst and income tax are inter linked with each other.. both should match otherwise respective departments will issue notice. so disclose turnover accordingly
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