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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Estimation of gross profit - the sale price of the product ...

Income Tax

May 2, 2016

Estimation of gross profit - the sale price of the product sometimes may be less than the purchase price when the market trend is going down. Therefore, based on the selling price, the AO cannot estimate the sales turnover for the part period by taking into account the remaining period sales - AT

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