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Revision as of 08:03, 31 January 2025
How understood that most you would agree that the greatest expense you could have in your own life is taxation? Real estate can a person to avoid taxes legally. There is a distinction between tax evasion and tax avoidance. We just want in order to advantage on the legal tax 'loopholes' that Congress allows us to take, because given that founding in the United States, the laws have favored property business owners. Today, the tax laws still contain 'loopholes' for sure estate investors. Congress gives you a wide range of financial reasons to speculate in property.
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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 over end among the transfer pricing financial year when the search was conducted like assessment u/s 153A.
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