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Revision as of 14:59, 21 September 2024
Offshore tax evasion is crime in several onshore countries and includes jail time so it ought to avoided. On the additional hand, offshore tax planning is In your home crime.
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If any books of accounts, documents, assets found or seized belong to the other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be completed with twenty one months originating from a end for this financial year when the search was conducted like assessment u/s 153A.
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