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SEC. 115 BBE OF I.T. ACT & OPERATION CLEAN CASH CA. RAKESH AGRAWAL M.COM., LL.B., FCA, DISA Mob. 9760013660SEC. 115 BBE : OLD VERSION Introduced By Finance Act 2012 If total income includes income
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115 BBE of I refers to Section 115BBE of the Income Tax Act, which pertains to penalties for undisclosed income or assets.
Taxpayers who have undisclosed income or assets are required to file Section 115BBE of the Income Tax Act.
Form 2E needs to be filled out and submitted along with the relevant details of undisclosed income or assets.
The purpose of Section 115BBE is to impose penalties on individuals who have undisclosed income or assets.
Taxpayers must report all details related to their undisclosed income or assets on Section 115BBE.
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