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1280px-Pornhub-logo.svg.pngB) Interest earned, nevertheless paid, during a bond year, must be accrued following the bond year and reported as taxable income for your calendar year in which your bond year ends.

I then asked her to bring all the documents, past and present, regarding her finances sent by banks, and so on. After another check which lasted for up to 50 % an hour I reported that she was currently receiving a pension from her late husband's employer which the taxman already knew about but she'd failed to report that income in her own tax transfer pricing kind of. She agreed.

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

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