Assess source of professional income total Gross receipts Rs.55,00,000 in f .Y. 2019-2020.
Assess construction of commerical building new strated in f.y. 2019-2020.
1.Some construction expenses Rs.5,00,000/- payment on cash mode ( above 10,000/- limit).
2. Some construction expenses Rs.12,00,000/- payment on bank account payee.
Total cash and bank mode of construction expenses(work in progress).Rs.17,00,000/-. In f.y.2019-2020.
1.Assess construction expenses value amount Rs.12,00,000/- or Rs.17,00,000/- mentioned shown accounting ledger books in f.y.2019-2020.
2. Cash mode of construction expenses depreciation claimed eligible and calculation producure.