Getting Gone Tax Debts In Bankruptcy: Difference between revisions

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Revision as of 16:10, 22 September 2024

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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 additionally be completed with twenty one months around the end belonging to the financial year when the search was conducted like assessment u/s 153A.

People hate paying overtax. Tax avoidance strategies are entirely legal and needs to be taken advantage of. Tax evasion, however, is not. Make sure you know where the fine lines are.

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