A Reputation Taxes - Part 1: Difference between revisions

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(Created page with "Right because of the get-go -- this is my territory. I know the legalities and practicalities of the offshore world better than all but, maybe, 500 experts . If rather than know amongst these people (and do not require is through the internet trying to sell you something) then please listen to me with both .<br><br>When big amounts of tax due are involved, this takes awhile for a compromise being agreed. Taxpayer should steer with this situation, so it entails more expen...")
 
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Latest revision as of 12:31, 8 January 2025

The term "Raid in Indian Tax Law" is incredulous and any unexpected encounter with IT sleuths generally results in chaos and vacuity. If you will likely experience such action it is advisable to familiarise with the subject, so that, the situation could 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 searching any residential / business premises, vehicles and bank lockers etc. and seize the accounts, stocks and valuables.

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Mandatory Outlays have increased by 2620% from 1971 to 2010, or from 72.9 billion to 1,909.6 billion 12 months. I will break it down in 10-year chunks. From 1971 to 1980, it increased 414%, from 1981 to 1990, it increased 188%, from 1991 to 2000, we got an increase of 160%, and from 2001 to 2010 it increased 190%. Dollar figures for those periods are 72.9 billion to 262.1 billion for '71 to '80, 301.5 billion to 568.1 billion for '81 to '90, 596.5 billion to 951.5 billion for '91 to 2000, and 1,007.6 billion to 1,909.6 billion for 2001 to 2010.

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