Gift/ source of gift is not explainable.
Querist : Anonymous
In AY 2013-14 if we show any income as petty cash gift received offered for taxation which is Rs. 49000 or Rs 75000 (i.e below 50000 or above 50000) & proof or receipts of these incomes are not maintained. Is it is possible for AO to imposed 30% (in scrutiny or on findings) on that type of any income which is not proofed as a genuine receipt or income.
Querist : Anonymous
Querist : Anonymous
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