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Treatment of stock brought forward during transition (Section 14(2))

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Full Text of the Document

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....f stock brought forward during transition (Section 14(2))      For the purposes of sub-section (2) of section 14, the amount of tax borne shall be-      &....

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Full Text of the Document

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....p;         (b)  in any other case, an amount calculated according to the formula: F x P x 75%   where - F =    the tax fraction, (r/r+10....

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