what if we don't record sales means
actual sales is more than sales recorded
5 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 02 November 2021
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.
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If you are satisfied with my reply then please like it si that I'll be motivated to answer more 🙂
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 03 November 2021
Penalty might be attracted
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