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Two partnership firm
Respected Sir, I want to know that I am the partner in the firm M/s Shree Krishna and also partner in the firm M/s Anil wine.Sir the above said M/s.Shree Krishna carry on for the since long, whereas the firm M/s Anil Wine commence w.e.f.1st day of April 2022 and having no bank account upto 31/5/2022 in the name of the new partnership firm.That due to this reason I have use the bank account of our old firm and deposit the cash amount for Rs 1.10 crore out of sale of day to day sales of wine of my new partnership firm and this deposit has been shown in my new firm and my new firm duly audited by Chartered accountaant and file the Income tax return.Sir now I want to file ITR of my old firm but in AIS portal has been shown cash deposit as mentioned above for Rs 1.10 crore Sir from your authority I want to know but can I do.with regards Thanks
Replies (1)
Now it is not possible to convince the department about the cash belonging to different firm.
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