Income tax on non proof income
sujit naha (accountant) (350 Points)
25 January 2017sujit naha (accountant) (350 Points)
25 January 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 25 January 2017
Yes you can pay tax on the mentioned income. Since it's all cash income you will be required to pay Self Assessment Tax (SA) Tax.
You will have to download challan of the relevant Assessment Year fill in the required details and deposit the cash in the designated bank.
Once you have paid the tax you can file your Income Tax Return for the year without being assessee in default U/S 140A.