Don't Panic If Income Tax Department Raids You: Difference between revisions

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Revision as of 10:34, 12 September 2026

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Considering the debt of 13,164 billion posted of 2010, we should set a 10-year reduction plan. Fork out for off the entire debt continually have to pay for down 1,316.4 billion per year. If you added the 423.5 billion still needed help make matters the annual budget balance, we possess to increase revenues by 1,739.9 billion per month. The total revenues for 2010 were 2,161.7 billion and paying off the debt in 10 years would require an almost doubling belonging to the current tax revenues.

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If any books of accounts, documents, assets found or seized belong to any other person, the concerned AO shall proceed against other person as provided u/s 153A and xnxx 153B.

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