what if we don't record sales means
actual sales is more than sales recorded
Menu
What if we dont record sales
Replies (5)
Yes. That is common sense.
No, what its effect ???
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 🙂
If you are satisfied with my reply then please like it si that I'll be motivated to answer more 🙂
Penalty might be attracted
Yes...
Recent Threads
- Can claim Itc
- Transfer of mutual funds to son as gift
- First Time ITR with 5000 penalty
- Loss due to non tradeable stocks
- What's CGAS?
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
Related Threads
CAclubindia
