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 :
- Hello dear I want help .
- Category B/D pop up after the file is e verified
- Section 56(2)(x)(xi) applicability to compensation
- How to claim exempt income u/s 10(26) in ITR-1 of
- 63053900 tax rate
- Clubbing of deceased's income
- Which ITR to use
- Sovereign gold bond capital gain
- In TDS section no column for relationship in itr
- Query related to agricultural income of Trust
Related Topics :
CAclubindia
