As per section 68, any sum found credited in the books of a taxpayer, for which he offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, may be charged to income-tax as the income of the taxpayer of that year.
Failure is a term which a Chartered Accountant student has to face multiple time in his/her journey, so today we will be discussing how to avoid and overcome fa..
In this article, we will take a deeper look into consequences of digital currency in Indian Economy.
I will divide this article into two part coaching phase and revision phase.