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transfer pricing (iv) All unaccounted income should be declared. If such a disclosure manufactured before its detection with the Income Tax Department, likelihood of being trapped in a tax raid are reduced. I then asked her to bring all the documents, past and present, regarding her finances sent by banks, cibai and and much more. 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 had failed to report that income in her own tax develop.
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