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Revision as of 01:33, 6 March 2025

Note: The article author is not really CPA or tax professional. This article is for general information purposes, and will not be construed as tax aid. Readers are strongly inspired to consult their tax professional regarding their personal tax situation.

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If any books of accounts, documents, assets found or seized belong for any other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should be completed with twenty one months from your end belonging to the transfer pricing financial year when the search was conducted like assessment u/s 153A.

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Someone making $80,000 per year is really not making substantially of hard cash. The fed's 'take' is plenty of now. Taxation originally started at 1% for extremely rich. And today the government is wanting to tax you more.

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