https://www.taxtmi.com/manuals?id=6810 Expenditure lacking a satisfactory explanation may be deemed income and is not deductible under any head; when such amounts are included in total income a special tax regime applies requiring an aggregate tax computation comprising a high tax charge on the included amounts plus tax on the balance, with no deduction or set off allowed against those included amounts, a surcharge on the tax computed, and an additional percentage penalty subject to a disclosure exception. en-us Mon, 13 Jan 2025 11:48:00 +0530 Mon, 13 Jan 2025 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=6810 Expenditure lacking a satisfactory explanation may be deemed income and is not deductible under any head; when such amounts are included in total income a special tax regime applies requiring an aggregate tax computation comprising a high tax charge on the included amounts plus tax on the balance, with no deduction or set off allowed against those included amounts, a surcharge on the tax computed, and an additional percentage penalty subject to a disclosure exception. Manuals Income Tax Mon, 13 Jan 2025 11:48:00 +0530 https://www.taxtmi.com/manuals?id=6810