Survey
This query is : Resolved
sahil mahajan
(Querist)
09 February 2013
if in the survey, money is surendered or not surrendered then dept will take that money or give it back to assesse after tax calucations. is it will become white money after paying all obligations
CA PARAS BAFNA
(Expert)
10 February 2013
After tax payment on unaccounted money, the money becomes white and the assessee remains the owner of the balance left after paying taxes. Department returns back the money.
.
.
29 July 2013
No this is not the end you have to bear the interest and penalty on the same and it will be treated as concealment
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