Sections 68 to 69A: How the Tax Department Deals with Undisclosed Income

CA Shiwali Dagarpro badge , Last updated: 30 April 2025  
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1. Section 68 - Cash Credits Applicability: This section applies to individuals, firms, companies, or any other taxpayer. Provision: Where any sum is found credited in the books of the taxpayer, and the taxpayer fails to offer a satisfactory explanation regarding its nature and source, such amount

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CA Shiwali Dagar
(Practice)
Category Income Tax   Report

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