BC6B12

Calicut University of india

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credits  Unrecordedinvestments  Unrecorded and unexplained money, gold etc.  Unexplained expenditure  Amount borrowed or repaid on hundi Set off losses Set off of losses refers adjusting of losses against income of the same year. Provisions
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maart 2023

2022/2023

A+
INCOME TAX AND GST Sometimes the income of other person shall be included in the total income of the assessee. Such practices included the income of the other person to the income of the assessee is called clubbing of incomes. Following income are to be clubbed  Transfer of income without transfer of assets.  Revocable transfer of assets  Income of spouse  Income of daughter in law  Income from business  Income from minor child  Income from assets transferred to...
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