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Revision as of 01:51, 6 August 2026


Through the proposed DTC / GST legislations, federal government has acknowledged the need of new revenue system but the proposed new laws apparently appear with regard to even complex then nowadays one.

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This provides us a combined total of $110,901, our itemized deductions of $19,349 and exemptions of $14,600 stay the same, giving us an overall transfer pricing taxable income of $76,952.

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

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