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Traders — progressively eager to see some cash back again — are themselves a lot more focused on DPIs, properly on condition that cash in hand is well worth much more than an unrealised IRR during the bush.

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The penned down value (WDV) of assets for tax applications shall be calculated as in the depreciation has been allowed on a yearly basis. This WDV will be the value with the asset for tax needs in the circumstance in which the asset is sold later because of the assessee.

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Having said that, to offer reduction to modest taxpayers through the tedious position of preserving publications of account and finding them audited, cash flow tax law has released the idea of presumptive taxation scheme.

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