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Latest revision as of 09:10, 23 October 2026
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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 be completed with twenty one months from end among the financial year when the search was conducted like assessment u/s 153A. A tax deduction, or "write off" as it's sometimes called, memek reduces your taxable income by allowing you to subtract how many an expense from your income, before calculating what amount tax you must pay.
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