Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D - Section 115BBE - Income Tax - Ready Reckoner - Income Tax

Tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D - Section 115BBE (1) Where the total income of an assessee (a) includes any income referred to in section 68 , section 69 , section 69A , section 69B , section 69C or section 69D and reflected in the return of income furnished u/s 139 , or (b) determined by the AO includes any income referred to in section 68 , section 69 , section 69A , section 69B , section 69C or section 69D , other than mentioned in clause (a) Tax rate Apply - the income tax payable shall be @ 60% and normal rate on the balance of income. Deduction of expenditure - No deduction in respect of any expenditure or allowance or set off of any loss [ shall be allowed to the assessee under any provision of this Act in computing his income referred above.