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Asha (Querist) 16 August 2012 This query is : Resolved
If I am unable to show the source of Income to ITO what happened ?

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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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