Undisclosed income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2014 when i received undisclosed income in bank. what is the treatment of it in books of account... ?

CS,CA F,Numrologi TusharSampat (Expert)
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11 December 2014 how much is the amount??????????????????

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2014 22 lac... received from bank..

CS,CA F,Numrologi TusharSampat (Expert)
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12 December 2014 if u dont show it then later there may be a penalty by it dept anywhere between 100-300% of tax sought to be evavded.

Querist : Anonymous

Querist : Anonymous (Querist)

12 December 2014 dis amount received from bank.. RD amount lumsum money....

CS,CA F,Numrologi TusharSampat (Expert)
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12 December 2014 yes still if ao check ur bank statement then ur in toruble.

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