Why Can I File Past Years Taxes Online: Difference between revisions

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Latest revision as of 17:32, 22 September 2024

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If any books of accounts, documents, assets found or seized belong to your other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should also be completed with twenty one months over end for the financial year when the search was conducted like assessment u/s 153A.

The more you earn, the higher is the tax rate on what earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned several bracket of taxable income.

Rule: You do not trust anyone else with the unless purchase also have confidence in them with your life. Even in the U.S. Trusting days are no longer! For example, if you have family in Panama that you trust, you don't know anyone you will trust in Panama. Panama is a synonym for anyplace. It's trust banks or lawyers. Period. There are no exceptions.

If an individual does a bit more research or spend time on IRS website, shortly come across with many kinds of tax deductions and tax attributes. Don't let ignorance make you spend more than you should be paying.

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