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Revision as of 16:08, 21 September 2024
Leave it to lawyers and the us govenment to not be able to give a straight solution this question! Unfortunately, in order to be allowed to wipe out a tax debt, happen to be five criteria that should be satisfied.
What may be the rate? At the rate or rates enacted by Central Act respectable Assessment Month. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable on the tax payer.
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