Accountancy, asked by sarkarekta, 4 months ago

Is illegal income taxable ?​

Answers

Answered by devu350zzz
0

Answer:

The income tax authorities cannot act like police to prevent the commission of unlawful acts but it is possible for them to tax such income which is earned by illegal means. During such process strict rules of evidence are not applicable to the income tax authorities.

Answered by kiranrout2007
0

Answer:

The income tax authorities cannot act like police to prevent the commission of unlawful acts but it is possible for them to tax such income which is earned by illegal means. During such process strict rules of evidence are not applicable to the income tax authorities.

Explanation:

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