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I.t for cash credit

This query is : Resolved 

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.


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

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

Yes applicable during assessment.


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