Home > Income Tax Act 2025 > Section-102Last Updated: Feb 21st 2025
Section-102 provides for the circumstances or conditions in which any sum found credited in the books of account maintained by the assessee shall be considered as unexplained credits and be included in the total income of the assessee. Learn to understand the section-102 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
then, the sum so credited shall be charged to income-tax as income of the assessee of that tax year.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.