A Past Of Taxes - Part 1
The term "Raid in Indian Income tax Law" is incredulous and any unexpected encounter with IT sleuths generally contributes to chaos and vacuity. If you can potentially experience such action it is advisable to familiarise with the subject, so that, the situation can be faced with confidence and serenity. Income tax Raid is conducted with the sole objective to unearth tax avoidance. It's the process which authorizes IT department to find any residential / business premises, vehicles and bank lockers etc.
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He was given bad advice and kontol acted on it then. Many others have been transfer pricing victims of so-called tax "professionals" have been really scammers in undercover dress. Make sure to study research and hire only legitimate tax professionals. Use caution of what advice you follow and simply hire professionals that can easily trust. You in order to file a tax return for that specific year two years before the bankruptcy.
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