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Latest revision as of 05:29, 6 March 2025

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The term "Raid in Indian Tax Law" is incredulous and any unexpected encounter with IT sleuths generally inside chaos and vacuity. If you can potentially experience such action it is better to familiarise with the subject, so that, the situation could be faced with confidence and serenity. Income tax Raid is conducted with the sole objective to unearth tax avoidance. It is the process which authorizes IT department to visit any residential / business premises, vehicles and bank lockers etc. and seize the accounts, stocks and valuables.

For 20 years, overall revenue yearly would require 658.2 billion more opposed to 2010 revenues for 2,819.9 billion, which is an increase of 130.4%. Using the same three examples the actual tax can be $4085 for the single, $1869 for the married, and $13,262 for me. Percentage of income would move to 8.2% for the single, c.8% for the married, and 11.3% for me personally.

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The great part is the county gets their tax money to offer us with roads, fire and police departments, et cetera. Whether they use domestic or foreign investor dollars, every one of us win!

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