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Beneath the earnings tax guidelines, an individual engaged in prescribed company or job is required to mandatorily preserve guides of account, put together economic statements and obtain his accounts audited. Further more, profit/decline According to such economic statements will be regarded as to arrive at taxable gains immediately after creating important changes.
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Beneath the presumptive money scheme, the taxpayer is allowed to presume the least gains with the prescribed amount of the full turnover and is particularly relieved to get the books of accounts audited.
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