https://www.taxtmi.com/manuals?id=6809 Unexplained investments, bullion, jewellery or other valuable articles exceeding amounts recorded in books may be deemed income if the assessee gives no satisfactory explanation. Such deemed income is taxed under a special high-rate regime with no deduction or set-off allowed, subject to an additional surcharge, and authorities may impose a further penalty on the tax payable unless the income was disclosed and taxed under the special regime in the return. en-us Mon, 13 Jan 2025 11:47:00 +0530 Mon, 13 Jan 2025 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6809 Unexplained investments, bullion, jewellery or other valuable articles exceeding amounts recorded in books may be deemed income if the assessee gives no satisfactory explanation. Such deemed income is taxed under a special high-rate regime with no deduction or set-off allowed, subject to an additional surcharge, and authorities may impose a further penalty on the tax payable unless the income was disclosed and taxed under the special regime in the return. Manuals Income Tax Mon, 13 Jan 2025 11:47:00 +0530 https://www.taxtmi.com/manuals?id=6809