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The term "Raid in Indian Tax Law" is incredulous and any unexpected encounter with IT sleuths generally inside chaos and vacuity. If you are likely to experience such action it is far better familiarise with the subject, so that, the situation can be faced with confidence and serenity. Tax Raid is conducted with the sole objective to unearth tax avoidance. It's the process which authorizes IT department to locate any residential / business premises, vehicles and bank lockers etc. and seize the accounts, stocks and valuables.

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This regarding attorney is but one that harmonizes with cases between Internal Revenue Service. Cases that involve taxes another IRS actions are ones that want the use of their tax attorney. In fact definitely one of these attorneys will be one that studies the tax code and all processes involved.

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What could be the rate? In the rate or rates enacted by Central Act for every Assessment Calendar months. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to your tax payer.

The auditor going via your books doesn't necessarily want to find a problem, but he's to locate a problem. It's his job, and he has to justify it, and the time he takes to accomplish it.

The IRS needs your help, and is willing to lottery sized rewards to anyone with credible proof of the scheme. If the IRS determines that taxes are owed and collects, you get a tidbit. It is easy. Even should the company is relying upon bad advice from a tax accountant or tax lawyer, if for example the IRS disagrees, you acquire a reward.
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