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Disclosure at the time of survey u/s 133a

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2013 One person has made a disclosure of Rs 30.00 Lakhs at the time of Survey U/s 133A of the I.T Act.and paid Due Taxes on it. What is the consequenses ? Does this attract penalty ? Can I bring this 30.00 Lakhs in my books ?
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Tareq Imam

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Tareq Imam (Expert)
02 February 2013 penalty proceedings will be initiated
you can bring the 30 lacs in your books as cash

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