Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

CASH CREDITS(Section - 68) ,UNEXPLAINED INVESTMENTS (Section - 69),UNEXPLAINED MONEY (Section - 69A)

Income Tax - Penalties - Circumstances, Procedures and Relief - 12 - CASH CREDITS [Section:- 68] Where any sum is found credited in the books of the assessee maintained for any previous year, and the assessee offers no explanation about the nature an .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

m is first credited). Provided that where the assessee is a company, (not being a public company) and the sum so credited consists of share application money, share capital, share premium or any such amount by whatever name called, any explanation of .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

redited; and (b) such explanation in the opinion of the Assessing Officer aforesaid has been found to be satisfactory Provided further that nothing contained in the first proviso shall apply if the person, in whose name the sum referred to therein is .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

are not recorded in the books of account, if any, maintained by him, and the assessee offers no explanation about the nature and source of the investments or the explanation offered by him is not satisfactory in the opinion of the Assessing Officer, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version