I had income of 1,73,000 in Fiscal Year 2010-2011, was I required to file ITR for this Fiscal Year and now this entire amount of money will be considered Black Money?
Wae Jing Lonthaw (Others) (341 Points)
21 January 2017I had income of 1,73,000 in Fiscal Year 2010-2011, was I required to file ITR for this Fiscal Year and now this entire amount of money will be considered Black Money?
CA Karan Sathe
(CA )
(564 Points)
Replied 29 January 2017
0 tax for income upto 160000/-. and 10% from 160000 to 500000/- was 10%. you should have file return. but dont worry. it now have been 7 years. considering you are individual .just relax. and not at all money will not be considered as black.
SHRMONEY
(solve legal finance problems - shrmoney@gmail.com)
(148 Points)
Replied 30 January 2017
How to value gold purchased twenty years back in current ITR
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