Hi,
Imagine for X amount ITR been filed & taxes being paid over 3 years of time. And if that X amount being deposited in cash will it attract black money charges?
Hi,
Imagine for X amount ITR been filed & taxes being paid over 3 years of time. And if that X amount being deposited in cash will it attract black money charges?
In my opinion, if that 'x' amount is appearing in your Balance Sheet and you are able to substantiate the same before IT Dept. then no penalty for black money shall be levied.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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