Legal Question in Tax Law in India

estimated declare of stock at the time of survey differs the actual value of stock.is it punishable?


Asked on 12/21/12, 11:16 pm

1 Answer from Attorneys

Rohini Kumar Tenneti R.K.1080 LEGAL SERVICES

You mentioned it as estimated stock,i.e. on what basis?Further when stock found in excess,it would be taxed along with penalties if at all.

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Answered on 12/22/12, 2:19 am


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