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Business

Unexplained income: What it means, how it is taxed and what changed under Income Tax Act, 2025

LiveMint - Money ·
Unexplained income: What it means, how it is taxed and what changed under Income Tax Act, 2025

Unexplained income can attract a steep tax burden.

But the new Income Tax Act, 2025 changes the rules for voluntary disclosure and tax department detection.

Here’s what unexplained income means, how it is taxed, and what taxpayers need to know.

Read the full article on LiveMint - Money ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.

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