Menu
69A undisclosed credit
is there is any provision of estimation at 8 percent or 10 percent when the credit entry in the bank account of assessee remained undisclosed?
Replies (1)
No , at the time of assessment it will be covered u/s 69 and willbe taxed as per 115bbj special rate and penalty is alao attractable under section 270A upto 100 of tax evaded
Recent Topics :
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
