Cash credits and its treatment under income tax act, 1961

FCS Deepak Pratap Singh , Last updated: 17 March 2017 Share Follow on Google News

CASH CREDITS UNDER INCOME TAX ACT, 1961 Section 68 of the Income Tax Act, 1961 provides that there has to be credit of amounts in the books maintained by the assessee, that such credit has to be of a sum during the previous year, and that the assessee offers no explanation about the nature and

Daily Limit Reached

You have reached your daily limit of 2 Free Articles

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Broadcasts
Daily E-Newsletter
Unlimited Articles Access

1 YEAR PLAN

2,999

1,999

(Inclusive of GST)

Buy CCI PRO Now

Already a PRO member? Login here for an ad-free experience.

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

12096 Views 4 Likes Comment Share Corporate Law Report

About the Author

FCS Deepak Pratap Singh

Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.)

Dear Friends, Myself FCS Deepak P. Singh ( B.Sc.. LLB, FCS. FIII, CIAFP, CRMP) , A Fellow Member of ICSI, Law Graduate ,Fellow Member of Insurance Institute of India, Certified Insurance Anti Fraud Professional , Certified Risk Governance Professional ( ICSI-III) and cleared Limited Insolvency Examination ( IBBI) wo ... Read more

View Articles