Is illegal income taxable ?
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Answer:
The income tax authorities cannot act like police to prevent the commission of unlawful acts but it is possible for them to tax such income which is earned by illegal means. During such process strict rules of evidence are not applicable to the income tax authorities.
Answered by
0
Answer:
The income tax authorities cannot act like police to prevent the commission of unlawful acts but it is possible for them to tax such income which is earned by illegal means. During such process strict rules of evidence are not applicable to the income tax authorities.
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