Tax Puzzles

Tax Puzzles — Learn by Playing

The fastest way to remember a tax provision is to be tested on it. Weekly crosswords, daily quizzes, and scenario challenges.

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Today's Scenario

11 May 2026

🧩 WHAT'S THE PENALTY?
A company receives ₹30 lakh from Mr. A as a loan. Mr. A's ITR shows income of ₹2.5 lakh. The loan was transferred by RTGS. Identity is established. Under Section 68, what is the most likely outcome?
A. Addition deleted — banking channel proves genuineness
B. Addition sustained — creditworthiness of Mr. A not established
C. Addition partially sustained at 50%
D. AO cannot question since RTGS was used
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