Income tax query
This query is : Resolved
07 February 2020
One I.t. person incomes for the finicial year 2018-2019 mentioned.
1. Net profit as per p& L account Rs.280000/-
2. Cash credit by capital account Rs.100000/-(un explained income).
Taxable income Rs.280000/- or 380000/-
And Rs.380000/- tax pay slab rate applicable.
1. Net profit as per p& L account Rs.280000/-
2. Cash credit by capital account Rs.100000/-(un explained income).
Taxable income Rs.280000/- or 380000/-
And Rs.380000/- tax pay slab rate applicable.
07 February 2020
1) Taxable income is 3,80,000.
2) Normal slab rate for 2,80,000. and 60% u/s 115BBE for 1,00,000.
2) Normal slab rate for 2,80,000. and 60% u/s 115BBE for 1,00,000.
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