Please Help: Income Tax assessment
Posted Date : 04-Jun-2011 , 04:15:58 am | Posted By: Sanjay Labh
Category :
Income Tax | Answers :
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Comments :
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assessee file his income tax return u/s44AF. I want to know AO can ask for cash book from the assessee for assessment u/s 143(3, if not then u give me few proof |
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Answers:
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 Answer by: Madhu Kiran |
| Please complete your question
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| Answer by: CA VIKAS JAIN |
| yes he can deemand copy of bank a/c.
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| Answer by: CA. Sachin Data |
| yes, AO can
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| Comments |
| Posted By : CA Anup Moondra |
14-Jun-2011, 07:03:17 |
| Yes, if AO thik , He call for Cash and Bank Book. |
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| Posted By : Manish |
09-Jun-2011, 12:57:07 |
| yes, if ITO thinks as books are required than he ask for books, i.e. cash book, bank book etc.
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| Posted By : CA VIKAS JAIN |
05-Jun-2011, 12:15:31 |
| dear sanjay, AO can deemand the bank a/c or cash book from assessee to varify the gross turnover of the business is within the limit prescribed for applicability of sec 44AF. suppose during the current year there has been price hike of 10% in selling price of goods in camparision to last year and AO has beleived that the turnover should cross the prescribed limit then he can ask the copy of bank a/c or your kuccha cash book. |
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