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Tax Treatment of Unexplained Transactions Including Cash credits

Tax Treatment Of Unexplained Transactions Including Cash Credits

I. Introduction:Generally, Cash Credit is a type of loan facility that allows a borrower to withdraw funds from a pre-approved credit limit. It is an important source of working capital for businesses and helps them to meet their short-term financial requirements. Cash credit is generally offered by banks and financial institutions against collateral security.However, In the context of taxation,



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Tax Treatment of Unexplained Transactions Including Cash credits

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