Assess maintained a retaile kirana stores.
Sales turnover finicial year: 2018-2019 rs. 31 lacs and shown in Net profit rs.3,10,000/-
Sales turnover finicial year : 2019-2020 rs.35 lacs and shown in Net profit rs.3,50,000/-
Assess two years I.t. return filed.sales ledger book maintained only.
Assess How much amount( minimum and maximum) capital and cash on hand opening balance introduced as on 01-04-2018 shown in balance sheet I.t. returns as per I.t. act