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tax on unexplained deposit in old currency

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(Querist)
03 October 2017 I think two possibilities please tell which one is correct Taxable under sec68 and tax rate will be per 115bbe that is 60%tax +25%surcharge +3%cess Or taxable @ 30% +200% penalty on misreporting u/s 270a +3%cess
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
04 October 2017 Right one is taxable under sec68 and tax rate will be per 115bbe that is 60%tax +25%surcharge +3%cess


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