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What could be the rate? At the rate or rates enacted by Central Act within the nba Assessment 12 month. It's varies between 10% - 30% of taxable income excluding the basic exemption limit applicable to the tax payer.

The auditor going by your books doesn't necessarily want to discover a problem, but he has to choose a problem. It's his job, and he's to justify it, and the time he takes to make it work.

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