banner_ad

Undisclosed income

127 views 4 replies
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????
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?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details