AI Automation | Grow...Ā ā¢Ā 1m
Earning ā¹30 Cr in a short period will definitely catch the tax departmentās attention. Section 68 deals with unexplained cash creditsāif he can't justify the income source properly, tax authorities will assume it's undisclosed income. But 12.80 Cr tax seems high! Maybe penalties were added? What do you thinkāis this justified, or should there be some relaxation for such seasonal earnings?
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