Difference between revisions of "Offshore Business - Pay Low Tax"

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Revision as of 06:12, 31 October 2024

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Through the proposed DTC / GST legislations, the government has acknowledged the need of new revenue system however the proposed new laws apparently appear pertaining to being even more complicated then today's one.

The more you earn, the higher is the tax rate on what you earn. In 2010-you have six tax brackets: 10%, 15%, 25%, 28%, 33%, and 35% - each assigned together with bracket of taxable income.

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 be completed with twenty one months from the end belonging to the financial year when the search was conducted like assessment u/s 153A.

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