student

it will be taxable in IOS...

dear friend

Where any sum is found credited in the books of an assessee maintained for any previous year, and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of the A.O., satisfactory, the sum so credited may be charged to income-tax as the income of the assessee of that previous year.

regards

tarun rustagi

thank you frnd

M.Pornima