I.d.s.


29 September 2016 The party has purchased and sold the property during F.Y. 2012-13. Nothing has disclosed in the books of accounts. Now how to disclose the amount in I.D.S. Shell he pay 45% on total amount recd and closed the matter. Please advise.
Thanking in advance.

K.B.Nagesha Rao.
9448826793

29 September 2016 Dear Nagesharao, Yes he can disclose the income subject to such year case is not in scrutiny

29 September 2016 45% has to be paid on the value of asset as on 01/06/2016 purchased/deposit outstanding out of the amount received.


29 September 2016 Yes he can provided he have to pay 45% tax on FV of property as on 01.06.2016.



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