83.25
%
Becareful, you may endup paying
Income Tax!
if you have this in your books of accounts.
Section 68 of Income tax Act
83.25
%
Unexplained Cash deposits or cash receipts
which you have not disclosed in your books of accounts or you don't have any explanation regarding these deposits.
01.
Section 68 of Income tax Act
83.25
%
Any investment that has not been recorded in your books of accounts; and source of fund for such investment you, don't have any valid explanation.
02.
Section 68 of Income tax Act
83.25
%
If you are the owner of any valuable articles or jewelry, for which you have not satisfactory nature or source of possession.
03.
Section 68 of Income tax Act
83.25
%
If you have made large expenditures like marriage, foreign trips, credit card payments, for which again, you have no satisfactory explanation.
04.
Section 68 of Income tax Act
83.25
%
you are liable to pay income tax to the tune of
83.25%
without allowing any basic exemption limit.
Result