there are two questions
regarding undisclosed income
Q. 1 suppose, Mr A has income on which he could not give satisfactory explanation...This income is disclosed in p.y. 2019-20 means p.y. is 2019-20 and will be assessed in 2020-21.....right??
Q. 2 now if MR A has undisclosed income of 2018-19 but it is disclosed in 2019-20 then which is the p.y. ???? if 2018-19 then tax rate will be applicable of 2018-19????
Menu
Undisclosed income
Replies (4)
1. Right
2. Taxable in F/Y 2019-20 tax rates
Ok means even if it is the income of 2018-19 , p.y. will be 2019-20 and A.Y. will be 2020-21....right? Here disclosure year is important...right?
Right
From when interest will be applicable?
Recent Threads
- Poll: Do you spend >30 min/day fixing Tally JSO
- Interest on Accident Claim by Minor
- Capital Gain and Basic Exemption Limit
- Loan to wife and interest income husband income or
- AOC-4 is not being filed
- Returning the shares gifted by daughter?
- Gst tax rate
- 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?
Related Threads
CAclubindia
