Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Revision as of 18:33, 2 October 2024
The term "Raid in Indian Tax Law" is incredulous and any unexpected encounter with IT sleuths generally results in 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 searching 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 conducted before its detection the actual Income Tax Department, the probability of being trapped in a tax raid are lessen.
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