Additions in scrutiny case.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 October 2013
I am a male and my income is 3,40,000/-for
financial year 11-12 and in scrutiny AO makes
additions of 1,00,000/- disallowing loans,
than this addition will be taxed at which rate rate at 10% or 30%.
Next query- I have taken loan from my dad 2 years back. Can I now convert the same into Gift to me from my dad without invoking the provisions of Section 269 T.
financial year 11-12 and in scrutiny AO makes
additions of 1,00,000/- disallowing loans,
than this addition will be taxed at which rate rate at 10% or 30%.
Next query- I have taken loan from my dad 2 years back. Can I now convert the same into Gift to me from my dad without invoking the provisions of Section 269 T.
08 October 2013
under which section was this disallowance made?
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