https://www.taxtmi.com/article/detailed?id=13588 Section 69A applies where an assessee owns unrecorded money or valuables and offers no satisfactory explanation; such money and the value of the valuables may be deemed income. In this context, "money" is confined to Indian currency notes and coins (rupees and paise) measured at face value. Foreign currency and financial instruments, though convertible, are not treated as money under the provision and are to be classified and valued as other valuable articles or investments at market rates. en-us Tue, 18 Feb 2025 08:15:50 +0530 Tue, 18 Feb 2025 08:15:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13588 Section 69A applies where an assessee owns unrecorded money or valuables and offers no satisfactory explanation; such money and the value of the valuables may be deemed income. In this context, "money" is confined to Indian currency notes and coins (rupees and paise) measured at face value. Foreign currency and financial instruments, though convertible, are not treated as money under the provision and are to be classified and valued as other valuable articles or investments at market rates. Articles Income Tax Tue, 18 Feb 2025 08:15:50 +0530 https://www.taxtmi.com/article/detailed?id=13588