Text only | Text with Images

itatonline.org Forum

Ask your queries or reply to others' queries => Discussion => Topic started by: Mansha on February 16, 2012, 09:36:48 PM

Title: Past untaxed profits
Post by: Mansha on February 16, 2012, 09:36:48 PM
If resident  individual  had income of Rs 300000 in the year 2006-07 but he has not disclosed the income .It was detected  in the previous year 2009-10.In this case ,it will be considered to be income of the year 2006-07 ,so slab rate of 2006-07 will be applied .
Am i right ?
Title: Re: Past untaxed profits
Post by: camanojgupta on February 17, 2012, 12:07:23 AM
yes u r right
Title: Re: Past untaxed profits
Post by: Mansha on February 17, 2012, 10:05:25 AM
Thank you Sir
Text only | Text with Images