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When your accounting software package generates, Receipts & Payment account, then it may be used for straightforward computation. Normally one needs to manually develop the same from guides of accounts.
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If, in almost any attract, there are over 7 leading prize winners and at the very least one 2nd prize winner, both the highest and 2nd prizes will probably be pari-mutuel.
That's why in the event, Assessee is not responsible for Tax Audit under any of your clauses of Section 44AB, due to profit readily available under this clause. Hence, with no computation, This could’t be ascertained.
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Right here, we are able to Review his taxable income under typical provisions and the presumptive plan as underneath:
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