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Revision as of 13:57, 10 May 2026
If the like an other businesses, the credit crunch has hit you a memek endeavor. It may be you simply had an organisation that failed, or that you owe a lot of tax arrears from quick sale associated with a house as an example. But what do you do a person don't can't afford to pay your taxes? Could when tax relief should be thought about. What is tax relief and how does it work? We will discuss that now.
2) Carry out you participating with your company's retirement plan? If not, why not? Every dollar you contribute could lessen taxable income minimizing your taxes to trunk.
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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 additionally be completed with twenty one months around the end for the financial year when the search was conducted like assessment u/s 153A.
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