Smart Taxes Saving Tips: Difference between revisions
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Latest revision as of 15:25, 1 November 2024
Invincible? The government extends special therapy to there's no-one to. Famous movie star Wesley Snipes was arrested with Failure to file Tax Returns from 1999 through 2004. Did he get away with the application? No! Even with his fancy expensive lawyers, Wesley Snipes received the maximum penalty because of not filing his tax returns - 36 months.
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What is the rate? At the rate or rates enacted by Central Act respectable Assessment Year. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.
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