income from other sources

GOPAL (Querist) 21 March 2009 This query is : Resolved
is that advisable to add mis. receipts in the return of income to increase the income of an individual who has a income from salary or business. In which case IT departement can consider the Mis Receipts as casual income which is taxable @ 30%.

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Pawan Mittal (Expert) 21 March 2009
It is not advisable to show as Misc.receipts. You should specific about it.

Omkar (Expert) 21 March 2009
I agree with pawan mittal

adv. rajeev ( rajoo ) (Expert) 21 March 2009
If u shown mis., receipts IT officials may make an enquiry about that so it is not advisable to show as misc., recipts.

Nishant (Expert) 21 March 2009
IT officials may have an enquiry about that so it is not advisable to show as misc., recipts. After that
enquiry IT departement can consider the Mis Receipts as casual income which is taxable @ 30%.