Don t Panic If Taxes Department Raids You: Difference between revisions
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Revision as of 04:44, 8 October 2026
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What is the rate? At the rate or rates enacted by Central Act terrible Assessment 12 month. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable on the tax payer. If any books of accounts, documents, assets found or seized belong to the other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should additionally be completed with twenty one months over end from the financial year when the search was conducted like assessment u/s 153A.
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