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.
Menu
Turnover Difference
Replies (1)
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
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
