Income tax double

[Sahadev Maity]

Dear sir, I would like to know what would be the pros and cons if I increase my taxable income amount double than previous year on same source of income?

For example: I run a shop, in the fn yr 2015-2016 I had shown rs-200000 as taxable income after all diduction but in the next fn yr 2016-2017 I increase the taxable income by Rs-400000 after all diduction which is double than previous yr with out any business expansion. Then what would be the pros and cons. Would i get any notice from tax department?

AI Summary

Doubling Taxable Income Without Business Expansion: Implications and Justifications for Increased Sales Turnover An individual inquired about the implications of doubling their taxable income from the same source without business expansion. They used a shop's income as an example, increasing from Rs. 200,000 in 2015-2016 to Rs. 400,000 in 2016-2017. One respondent suggested that an increase in taxable income generally does not attract scrutiny from tax authorities, as it is seen positively, while a consistent decrease might. Another respondent questioned how the individual would justify the increased sales turnover.