How Does Tax Relief Work: Difference between revisions
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Revision as of 22:21, 30 October 2024
The term "Raid in Indian Tax Law" is incredulous and any unexpected encounter with IT sleuths generally within chaos and vacuity. If you are likely to experience such action it is advisable to familiarise with the subject, so that, the situation could be faced with confidence and serenity. Income tax Raid is conducted with the sole objective to unearth tax avoidance. It's the process which authorizes IT department to locate any residential / business premises, vehicles and bank lockers etc. and seize the accounts, stocks and valuables.
4) You about to retire? Any amounts withdrawn from a retirement plan before your 59 1/2 are under early withdrawal penalties plus it'll be treated as regular taxable income. No early withdrawals!
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