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????
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Undisclosed income
Replies (4)
Quick Summary
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?
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