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Q. > Please Help: Income Tax assessment
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454 views • Question added Jun 04, 2011 • Income Tax • By sanjay labh , CA


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

3 Answers

answered Jun 04, 2011 by Madhu Kiran , Hyderabad

Please complete your question


answered Jun 05, 2011 by CA VIKAS JAIN , DELHI

yes he can deemand copy of bank a/c.


answered Jun 21, 2011 by CA. Sachin Data , Alwar

yes, AO can


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CA VIKAS JAIN

05-Jun-2011 , 12:15:31 am

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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CA. Sachin Data

06-Jun-2011 , 06:26:30 am

yes, AO can

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Manish

09-Jun-2011 , 12:57:07 am

yes, if ITO thinks as books are required than he ask for books, i.e. cash book, bank book etc.

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CA Anup Moondra

14-Jun-2011 , 07:03:17 am

Yes, if AO thik , He call for Cash and Bank Book.

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