Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

banner_ad

I.t for cash credit

This query is : Resolved

Share Report Follow Query Ask a Query

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
Follow

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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

28 January 2020 Such cash credit allowed upto 2 lacs but source of income to be provided when asked for.

Message likes : 1 times

Kollipara Sundaraiah

Kollipara Sundaraiah (Querist)
Follow

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

28 January 2020 Yes applicable during assessment.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Ashutosh Purohit

Ashutosh Purohit

Pro Member Sapan Kumar Nayak

Sapan Kumar Nayak

Pro Member Devendra Singh Jyala

Devendra Singh Jyala

Pro Member Ashish

Ashish

Pro Member Ankit Kumar Kabra

Ankit Kumar Kabra

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

23 May 2026

Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details

Featured 28 May 2026

SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details

ARTICLESHIP 04 June 2026

Article

Rakhecha & Co.

New Delhi

CA Inter

View Details

26 May 2026

Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details

ARTICLESHIP 09 June 2026

Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details

26 May 2026

Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details

26 May 2026

CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details