Survey Income: Not Taxed u/s 69, Should Be Business Income, Avoids 60% Tax Rate u/s 115BBE. https://www.taxtmi.com/highlights?id=71282 Addition u/s 69 - the income surrendered during the course of survey cannot be brought to tax under the deeming provisions of section 69 and the same has been rightly offered to tax under the head “business income”. - Not liable for higher rate of tax u/s 115BBE i.e. @ 60% - AT en-us Thu, 03 Aug 2023 07:54:49 +0530 Thu, 03 Aug 2023 12:21:00 +0530 TaxTMI RSS Generator Survey Income: Not Taxed u/s 69, Should Be Business Income, Avoids 60% Tax Rate u/s 115BBE. https://www.taxtmi.com/highlights?id=71282 Addition u/s 69 - the income surrendered during the course of survey cannot be brought to tax under the deeming provisions of section 69 and the same has been rightly offered to tax under the head “business income”. - Not liable for higher rate of tax u/s 115BBE i.e. @ 60% - AT Highlights Income Tax Thu, 03 Aug 2023 07:54:49 +0530 https://www.taxtmi.com/highlights?id=71282