Government Tax Deed Sales: Difference between revisions
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Revision as of 00:52, 23 September 2024
The term "Raid in Indian Taxes Law" is incredulous and any unexpected encounter with IT sleuths generally inside chaos and vacuity. If you could very well experience such action it is better to familiarise with the subject, so that, the situation can be faced with confidence and serenity. Income tax Raid is conducted with the sole objective to unearth tax avoidance. It is the process which authorizes IT department to locate any residential / business premises, vehicles and bank lockers etc. and seize the accounts, stocks and valuables.
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(iv) All unaccounted income should be declared. If such a disclosure is fashioned before its detection via Income Tax Department, the chances of being trapped in a tax raid are lowered.
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