When Is A Tax Case Considered A Felony: Difference between revisions

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Latest revision as of 20:13, 16 May 2026

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Note: The writer is just not a CPA or tax technician. This article is for general information purposes, and need to not be construed as tax details. Readers are strongly asked to consult their tax professional regarding their personal tax situation.

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If any books of accounts, documents, assets found or seized belong to your other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should also be completed with twenty one months of the end for this financial year when the search was conducted like assessment u/s 153A.

The great part will be the county is to get their tax money to provide us with roads, fire and police departments, a lot of others. Whether they use domestic or foreign investor dollars, most of us win!

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