Dear All,
what are the causes for failed to show proof for source of cash deposit in bank in CIT appeals ?
what are the orders commissioner can do if failure of evidence ?
any prosecution will.be there ?
what are the ways to get relife
Thanks
Menu
Failed to show proof for cash deposit in cit appeals
Replies (1)
if source not shown....you will be taxed @ 60%.an additional cess can be levied which can be increased up to 25% and edu cess of 3%. totally u can be taxed up to the max rate of 87.55%
Recent Topics :
- PAN CANCELLATION OF A DISSOLVED PARTNERSHIP FIRM
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
Related Topics :
CAclubindia
