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Cash credited by capital account tax applicable

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B.com
3024 Points Posted on 25 December 2023
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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On 25 December 2023 at 21:01 Report
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accountant
888 Points Posted on 25 December 2023
@ 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.
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On 25 December 2023 at 21:48
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Practising CA
8954 Points Posted on 26 December 2023
If source of cash can be explained as taxfree receipts, then no tax. Else, tax applicable
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On 26 December 2023 at 23:45


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