Income under section 115bbe
This query is : Resolved
Sushant Mahajan
(Querist)
25 June 2013
Can income be offered voluntarily by filing return declaring income under section 115bbe by paying 30% tax to avoid penalty?
Please reply.
Please reply.
Rupesh Jain
(Expert)
26 June 2013
YES YOU CAN DO THIS U/S 115BBE
Message likes :
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Sushant Mahajan
(Querist)
26 June 2013
Thank you sir.
Can u please guide me which itr will be applicable on doing so, and under which head, this income will be shown while preparing the tax return?
Can u please guide me which itr will be applicable on doing so, and under which head, this income will be shown while preparing the tax return?
Rupesh Jain
(Expert)
26 June 2013
this is show in income from other sources
and pay 30% income tax on it.
tax on remainin income will calculate as per normal proceudre
and pay 30% income tax on it.
tax on remainin income will calculate as per normal proceudre
Message likes :
1 times
Sushant Mahajan
(Querist)
26 June 2013
thank you sir.
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