Challanging problem
preet
(Querist) 26 August 2011
This query is : Resolved
someone has scrutiny case in income tax office. he submit balance sheet and copy of account of unsecured loans, Expenses, debtors above Rs.100000/- creditors above Es. 1,00,000/- Copy of capital account.
But before submitting capital account he make variation in it... as in capital account there is Debit of 3,00,000/- in may which he has deleted as he is doubting of this entry in correspondence credit of 300000/- in march is also deleted.
But now income tax officer demand cash book. Problem is, after deleting the entry of Rs. 300,000/ of may the cash book show negative balance in nov. In nov we deposit 450000/- in CC account of bank.. Bank statement is also filed.. so how can i solve this negative balance problem of cash book??
