https://www.taxtmi.com/manuals?id=6807 Unexplained investments not recorded in books may be deemed income if the assessee offers no satisfactory explanation; such included income is taxed under a special regime at a higher rate with no deductions or set offs allowed, attracts a surcharge on that tax, and may attract an additional penalty imposed by revenue officers unless the income was disclosed in the return and tax under the special regime paid within the relevant year. en-us Mon, 13 Jan 2025 11:46:00 +0530 Mon, 13 Jan 2025 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6807 Unexplained investments not recorded in books may be deemed income if the assessee offers no satisfactory explanation; such included income is taxed under a special regime at a higher rate with no deductions or set offs allowed, attracts a surcharge on that tax, and may attract an additional penalty imposed by revenue officers unless the income was disclosed in the return and tax under the special regime paid within the relevant year. Manuals Income Tax Mon, 13 Jan 2025 11:46:00 +0530 https://www.taxtmi.com/manuals?id=6807