Difference between revisions of "How Does Tax Relief Work"

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Latest revision as of 21:12, 20 September 2024

Ask ten people seeking can discharge tax debts in bankruptcy and you get ten different responds. The correct answer is that you can, but only if certain tests are pleased.

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What will be the rate? At the rate or rates enacted by Central Act terrible Assessment Years. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.

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