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Latest revision as of 08:27, 14 August 2026

Through the proposed DTC / GST legislations, federal government has acknowledged the need of new revenue system but the proposed new laws apparently appear being even more complicated then nowadays one.

It already been instructed by CBDT vide letter dated 10.03.2003 that while recording statement during the course of search and seizures and survey operations, no attempt in order to be made purchase confession with the undisclosed income. It has been advised that ought to be be focus and concentration on collection of evidence for undisclosed sales.

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If an individual does a much more research or spend some time on IRS website, these items come across with a variety of of tax deductions and tax loans. Don't let ignorance make you pay more than you always be paying.

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