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If any books of accounts, documents, assets found or seized belong to your other person, kontol the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should additionally be completed with twenty one months from end among the financial year when the search was conducted like assessment u/s 153A. My personal choice I believe has received herein. An S Corporation pays the smallest amount of amount of taxes. In addition, forming an S Corp in Nevada avoids any state income tax as it does not be in existence.
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