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Past untaxed profit

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(Querist)
24 January 2014 what is the treatment of past un-taxed profit remitted during previous year in india?

THANKS
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CA SAYANTAN BASU

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CA SAYANTAN BASU (Expert)
25 January 2014 Dear sir ,

in the case of resident and ordinary ordinary resident , past untaxed profits will NOT BE TAXABLE ....SO PAST UNTAXED PROFIT IF IT IS REMITTED DURING THE PREVIOUS YEAR THEN NO TAX WILL THERE ....

HOPE UR QUERY IS SOLVED

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