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Issue ID: 4693
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how to proov income

Date 10 Sep 2012
Replies 1 Reply
Views 1202 Views
Asked by
Proof of income: use bank statements and online account records to substantiate online earnings for tax filings.
Taxpayer receiving payments from online platforms and wire transfers into a personal current account sought how to substantiate income without invoices; advisor instructed to produce bank statements showing credited transfers and the online platform account statements as documentary evidence to establish receipt and source of funds for tax reporting. (AI Summary)

sir my dout is iam doing online work and iam getting wiretransfers some dollars also remiting in my individual account(curent) and not have any documents and records only online sites and bank satement if iam going to CA how to i tell pl fill incometax because iam not have any proofs only online sites some ex; neobux and any option (trading) just tell me iam doing online trading some equity shares and some gold shares and some natural trading only online deposts and profits also only bank wire threw

and iam now loss

and in my account statement also yearly 12,00000/-

 

ex;10,000online purchase

firc charges and education cess(receiving)

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Replied on Oct 12, 2012
1.

you need to present your bank statement and online account statements.

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