Upgrad LLM

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This query is : Resolved 
 

(Querist)
16 August 2012

If I am unable to show the source of Income to ITO what happened ?




Guest (Expert)
16 August 2012

Academic query. Please write about specific problem.

DEEPAK ASSOCIATES (Expert)
17 August 2012

it will be deemed as undisclosed money/black money and ITO may impose penalty upto 30% upop multiplier by 3 of undisclosed/black money.

If the money has been founded black money ITO may intimate DIR for taking appropriate action.



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