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69C unexplained expenditure

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6 Points Posted on 17 February 2019
According to 69C unexplained expenditure is treated as deemed income, in such case can business loss be set off against deemed income?
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On 17 February 2019 at 17:08 Report
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512 Points Posted on 17 February 2019
no..incomes u/s 68,69,69A,69B,69C and 69D are taxable @ 60% u/s 115BBE
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On 17 February 2019 at 19:00
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INCOME TAX OFFICER
1736 Points Posted on 17 February 2019
no... it can't be set off
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On 17 February 2019 at 22:51
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CA FINAL ASPIRANT
3115 Points Posted on 18 February 2019
no, it can not be setoff ( unexplained expenditure) ...it will be treated as deemed income and will be taxable at the rate of 30% u/s 115BBE
4 Reply
On 18 February 2019 at 02:39
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7059 Points Posted on 01 March 2019
thank you and congratulations
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On 01 March 2019 at 23:30


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