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I.t for cash credit

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(Querist)
27 January 2020 One I.t. assess Rs.80000/- amount cash credit by capital account.
Doubt:
Capital credit amount tax applicable or no and rate of tax applicable.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2020 Such cash credit allowed upto 2 lacs but source of income to be provided when asked for.
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kollipara sundaraiah

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kollipara sundaraiah (Querist)
28 January 2020 sir, cash credit capital account amount Rs.80000/- un explained income .tax applicable or no



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2020 Yes applicable during assessment.

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