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Revision as of 00:03, 22 September 2024
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The term "Raid in Indian Tax Law" is incredulous and any unexpected encounter with IT sleuths generally leads to chaos and vacuity. If you can potentially experience such action it is advisable to familiarise with the subject, so that, the situation could be faced with confidence and serenity. Taxes Raid is conducted with the sole objective to unearth tax avoidance. It's the process which authorizes IT department to visit any residential / business premises, vehicles and bank lockers etc. and seize the accounts, stocks and valuables.
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Same is true for advertisements. Each ad within local paper and require it and it generally deduct the cost in latest taxable time of year. However, the ad may be continuing to for you as valuable may have torn out the ad and kept it for later reference.
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