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Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required

Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Preparation of balance sheet for computing gross assets

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....ule VI to the Companies Act, 1956. (2) The company shall, for the purposes of preparing the balance sheet referred to in sub-section (1), adopt the same accounting policies, the accounting standards adopted for preparing its accounts including profit and loss account and the method and rates adopted for calculating the depreciation as have been adopted for the purpose of preparing the accounts-....

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Preparation of balance sheet for computing gross assets