Undisclosed income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2016 Hello friends
How an individual can disclose his income, pay tax and file return which was not shown since last 10 years. Also no records are maintained by the assessee. Income of Some years could be below exemption limit as the business is small retailing store.
Can such income be disclosed through IDS?

Amol S Joglekar

Amol S Joglekar (Expert)
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19 September 2016 have you ever come across with the TOPIC called as Preparation of accounts from INCOMPLETE records? Please go through the same and try to formulate the balance sheet.....(You can use your best judgement for deducing some of the figures.)

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Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2016 Thankyou so much sir got a good hint 😊

Amol S Joglekar

Amol S Joglekar (Expert)
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19 September 2016 you are most welcome

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