Difference between revisions of "Details Of 2010 Federal Income Taxes"

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Revision as of 21:45, 30 October 2024

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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 153B. The assessment u/s 153C should even be completed with twenty one months from end on the financial year when the search was conducted like assessment u/s 153A.

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Defenders in the IRS position would say it pops up to Section 61. The waitress provided a service for me, and I paid for this. Compensation for services is taxable. End of adventure.

In 2003 the JGTRRA, or Jobs and Growth Tax Relief Reconciliation Act, was passed, expanding the 10% tax bracket and accelerating some on the changes passed in the 2001 EGTRRA.

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