Amount of investments, etc., not fully disclosed in BOA -Section 69B, Unexplained expenditure, etc. – Section 69C, Amount borrowed or repaid on hundi

Amount of investments, etc., not fully disclosed in BOA -Section 69B, Unexplained expenditure, etc. – Section 69C, Amount borrowed or repaid on hundi – Section 69D https://www.taxtmi.com/manuals?id=1463 Section 69B treats excess investments or acquisitions over amounts recorded in the Block of Assets as deemed income when explanations are absent or unsatisfactory; Section 69C permits unexplained expenditure to be deemed income and disallows it as a deduction; Section 69D deems amounts borrowed on or repaid on a hundi otherwise than by account payee cheque to be income, excludes reassessment on repayment if already deemed, and counts interest as part of repayment. en-us Sat, 30 Jan 2016 15:10:00 +0530 Thu, 22 Aug 2024 16:30:00 +0530 TaxTMI RSS Generator Amount of investments, etc., not fully disclosed in BOA -Section 69B, Unexplained expenditure, etc. – Section 69C, Amount borrowed or repaid on hundi – Section 69D https://www.taxtmi.com/manuals?id=1463 Section 69B treats excess investments or acquisitions over amounts recorded in the Block of Assets as deemed income when explanations are absent or unsatisfactory; Section 69C permits unexplained expenditure to be deemed income and disallows it as a deduction; Section 69D deems amounts borrowed on or repaid on a hundi otherwise than by account payee cheque to be income, excludes reassessment on repayment if already deemed, and counts interest as part of repayment. Manuals Income Tax Sat, 30 Jan 2016 15:10:00 +0530 https://www.taxtmi.com/manuals?id=1463