100 crores undisclosed income is financially baffling to me! How exactly is that even possible? A 1500 crore company with 68 crores in PAT for fy22 with 100 crores of income off the books is mind boggling. Didn’t expect it to be that high.
Also how do these cases work as I’m unfamiliar with the Indian Tax code. Do they take away the 100 crores? Or do they just charge the tax on it + penalty?
If the income is only taxed isn’t it a financial net gain as it is off the books? Of course on the other side it adds another facet of risk to b2g, but financially? I feel like I’m reading this wrong.
Disc - invested as largest position(35%). Havent sold anything.
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