if a it person cash credited by capital account rs:4 lacs amount f.y.23-24.
question:
assessess cash credit amount tax applicable in it act
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Cash credited by capital account tax applicable
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@ Kollipara aundaraiah if points are given for asking questions then you will be the topper in the leaderboard. You asked more number of questions than total number of answers given by all experts.
If source of cash can be explained as taxfree receipts, then no tax. Else, tax applicable
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