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Survey, Search & Seizure Income Tax Act, 1961

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Precaution while making<br />

any statement.<br />

<br />

<br />

Is it safer to disclose income under the head<br />

"other sources" or "business“ <br />

Would it be desirable to declare the entire amount<br />

as current year’s income or spread over income<br />

for many years as any spread over may result in<br />

liability to interest and penalty for concealment <br />

Is it possible to capitalise the disclosed amount <br />

19

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