H K Davra & Co. Is a Bank Payment Proof of a Genuine Transaction? Income Tax Myth vs Reality A common belief among taxpayers is that once a payment is made by cheque or bank transfer, the transaction is beyond question. The bank statement shows the amount, the date and the counter-party, so w... Bogus Purchases Income Tax Tax Assessment 10-Feb-2026 Income Tax
H K Davra & Co. Capital Introduction and Source of Funds: Proving "My Own Money" under Section 68 (Section 102) "This is my own money" is one of the most common explanations given in income-tax assessments. It is offered when a proprietor introduces capital, when a partner contributes funds to a firm, when cash... Income Tax Source of Funds Tax Assessment 03-Feb-2026 Income Tax