Master idea for tax escaping - An individual having turnover apprx 90 lacs, comes taxable busines income apprx. 27 lacs, who also maintain account books regularly, there is risk fr notice u/s 142(1) when he claim income lower then 27 lacs. There is master idea for tax escaping. . Just enter into sec. 44AD to get advantage of weak provision nd claim incom at least 8% of turnovr nd destroy a/c books to escape notice for scrutiny u/s 142(1) tht isnt required to maintain u/s.
Posted on: Tue, 01 Oct 2013 00:29:49 +0000
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