Tax Officer to Add 15% Profit Margin on Unrecorded Sales Deposits for Accurate Tax Compliance.

Tax Officer to Add 15% Profit Margin on Unrecorded Sales Deposits for Accurate Tax Compliance. https://www.taxtmi.com/highlights?id=45832 Estimating the profit on alleged unrecorded sales - A.O. directed to make addition by estimating profit @ 15% of the amount so deposited in the bank account with respect to unaccounted sales. en-us Thu, 11 Apr 2019 13:27:08 +0530 Thu, 11 Apr 2019 13:27:08 +0530 TaxTMI RSS Generator Tax Officer to Add 15% Profit Margin on Unrecorded Sales Deposits for Accurate Tax Compliance. https://www.taxtmi.com/highlights?id=45832 Estimating the profit on alleged unrecorded sales - A.O. directed to make addition by estimating profit @ 15% of the amount so deposited in the bank account with respect to unaccounted sales. Highlights Income Tax Thu, 11 Apr 2019 13:27:08 +0530 https://www.taxtmi.com/highlights?id=45832