it person estimated profit declared rs:7 lacs in f.y.22-23.but assessess cash gift to brother rs:12 lacs through on bank mode pay f.y.22-23.
question:
assessess difference amount rs:5 lacs( gift amount -estimated profit) tax applicable.
Menu
Difference amount tax applicable
Replies (1)
Whether the income from business was declared under presumptive assessment?
Recent Threads
- Accounting of Govt Grant in aid-Assam Tea Estate
- Utilizing Capital gains in new home construction
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
Related Threads
CAclubindia
