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What if we dont record sales

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1359 Points Joined October 2021
what if we don't record sales means
actual sales is more than sales recorded
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On 02 November 2021 at 18:39 Report
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ca
603 Points Joined May 2013
Yes. That is common sense.
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On 02 November 2021 at 20:34
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1359 Points Joined October 2021
No, what its effect ???
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On 02 November 2021 at 21:23
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CA
10436 Points Joined March 2019
In any case if Income tax department found this the penalties for this are high, from 100% to 300% of the tax for undisclosed income.

If you are satisfied with my reply then please like it si that I'll be motivated to answer more 🙂
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On 02 November 2021 at 22:47
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Chartered Accountant
24588 Points Joined November 2019
Penalty might be attracted
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On 03 November 2021 at 06:16
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CA
10436 Points Joined March 2019
Yes...
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On 03 November 2021 at 14:39

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