If resident individual had income of Rs 300000 in the year 2006-07 but he has not disclosed the income .It was detected in the previous year 2009-10.In this case ,it will be considered to be income of the year 2006-07 ,so slab rate of 2006-07 will be applied .
Am i right ?
Z
( )
(2960 Points)
Replied 16 February 2012
I think yes
As per sec 68,69(a,b,c)
" may be charged to income-tax as the income of the assessee of that previous year "
the slab rates of 2006-07 should apply
Mithra
(Student CA cpt )
(28 Points)
Replied 01 August 2018
Mithra
(Student CA cpt )
(28 Points)
Replied 01 August 2018
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