Section 68 Explained: Cash Credits, Share Capital, Loans & How to Respond to Notices
Section 68 explained is one of the most litigated provisions under the Income-tax Act. Whenever unexplained cash credits, share capital, or loans appear in the books of an assessee, the Assessing Officer frequently invokes section 68, leading to additions during scrutiny or reassessment. Section 68 Explained – Cash Credits, Share Capital and Loans Section 68 … Read more