Learn About A Tax Attorney Works: Difference between revisions
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Revision as of 01:50, 23 September 2024
Invincible? Alphonse Gabriel Capone, notoriously referred to "Scarface," ruled the streets of Chicago for over a decade (1919 - 1930) During these years, Capone rose to power through any means necessary, including but was not limited to: bootlegging, gambling, prostitution, assault, theft, arson, and murder. When Elliot Ness brought down Capone in 1930, the authorities did never enough evidence to charge him with any of the above incidents. However, it is no wonder that that the most famous Gagster in American History was arrested and jailed solely for income tax evasion.
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B) Interest earned, although paid, throughout a bond year, must be accrued at the conclusion of the bond year and reported as taxable income for your calendar year in the fact that the bond year ends.
It been recently instructed by CBDT vide letter dated 10.03.2003 even though recording statement during you will notice that of search and seizures and survey operations, no attempt should be made to have confession as to the undisclosed income. Like those on been advised that there should be focus and concentration on collection of evidence for undisclosed money flow.
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