banner_ad

Black money

239 views 3 replies
I have received Rs 50000 as my income from a person through bank I have not entered in my books is that a black money.
Replies (3)
Black money is nothing but the money which is not disclosed for taxation purpose.

it is routed via Banking channel .. . it can NOT be said as Black Money 

However , at the time of assessment / dept. audit /  - you will have to explained such incomes if not disclosed earlier  . 

Disclosure means disclosure to it department right?when to disclose to it department and in what form


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details