Difference between revisions of "Don t Panic If Taxes Department Raids You"

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Revision as of 21:28, 12 May 2026

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When big amounts of tax due are involved, this usually requires awhile for your compromise to be able to agreed. Taxpayer should keep clear with this situation, while it entails more expenses since a tax lawyer's service is inevitably that's essential. And this is two reasons; one, to obtain a compromise for tax debt relief; two, to avoid incarceration with memek.

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

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