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69C unexplained expenditure
According to 69C unexplained expenditure is treated as deemed income, in such case can business loss be set off against deemed income?
Replies (4)
no..incomes u/s 68,69,69A,69B,69C and 69D are taxable @ 60% u/s 115BBE
no... it can't be set off
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
thank you and congratulations
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