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Section 68 Unexplained Cash Credit — Reply & Appeal | Virtual Auditor

Last updated: 14 Aug 2026

Quick Answer: This service provides expert advisory and representation for Section 68 Income Tax Act compliance, covering unexplained cash credits, share capital, and loans. It is intended for entities needing to prove identity, genuineness, and creditworthiness before tax authorities. The practice is led by a Fellow Chartered Accountant with 14 years of experience.

Expert reply to Section 68 additions. Unexplained cash credits, share capital, loans. Identity, genuineness, creditworthiness. Appeal before CIT(A)/ITAT.

Why Choose Virtual Auditor?

  • Fellow Chartered Accountant (FCA) with 14+ years experience
  • IBBI Registered Valuer (IBBI/RV/03/2019/12333)
  • Certified Fraud Examiner (CFE)
  • Associate Company Secretary (ACS)
  • Offices in Chennai, Bangalore, and Mumbai
  • 100+ complex valuations completed

Our Approach

We combine deep regulatory expertise with AI-powered tools to deliver accurate, defensible, and timely results. Every engagement is led by CA V. Viswanathan, ensuring senior-level attention.

Contact Us

Chennai (HQ): G-131, Ground Floor, Phase 3, Spencer Plaza Mall, Anna Salai, Chennai 600002. Phone: +91 99622 60333.

Bangalore: 7th Floor, Mahalakshmi Chambers, 29, MG Road, Bangalore 560001. Phone: +91 95139 39333.

Mumbai: Workafella, AK Estate, SV Road, Goregaon West, Mumbai 400062. Phone: +91 77000 89597.

Strategic Business & Compliance Insights

Frequently Asked Questions

What is Section 68 of the Income Tax Act?
Section 68 of the Income Tax Act is a professional service/compliance requirement under Indian regulatory framework. Virtual Auditor provides expert advisory on this through our team led by CA V. Viswanathan (FCA, ACS, CFE, IBBI Registered Valuer). Contact us at +91 99622 60333 for a detailed consultation.
What are the three tests for Section 68?
The specific requirements, documents, and procedures are detailed in the relevant regulatory provisions. Virtual Auditor provides comprehensive support including documentation, filing, representation, and follow-up. Our multi-credential team ensures nothing is missed across regulatory intersections.
Can the AO add share capital under Section 68?
This depends on the specific facts and regulatory framework applicable to your situation. Virtual Auditor provides case-specific advisory after understanding your circumstances. Call +91 99622 60333 for a preliminary assessment.
What documents prove creditworthiness?
Virtual Auditor provides expert advisory on this through our FCA + ACS + CFE + IBBI Registered Valuer practice. Contact us at +91 99622 60333 or visit virtualauditor.in for detailed guidance specific to your situation.
What happens if Section 68 addition is confirmed?
Non-compliance or delayed action typically results in penalties, interest, and potential prosecution under the relevant statute. Virtual Auditor helps you avoid these consequences through proactive compliance management. Contact +91 99622 60333 for urgent matters.
What is the burden of proof under Section 68?
the burden of proof under Section 68 is a professional service/compliance requirement under Indian regulatory framework. Virtual Auditor provides expert advisory on this through our team led by CA V. Viswanathan (FCA, ACS, CFE, IBBI Registered Valuer). Contact us at +91 99622 60333 for a detailed consultation.