AI Drafter ✕

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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Acceptance of Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 explained

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....DED DEPRECIATION FROM AGGREGATE OF PAID‑UP SHARE CAPITAL AND FREE RESERVES ARE TO BE DEDUCTED FOR DETERMINING LIMITS UP TO WHICH DEPOSITS CAN BE ACCEPTED Rule 3(2) prescribes the limits up to which a non‑banking non‑financial company can accept deposits. The limits of deposits are to be computed with reference to aggregate of paid‑up share capital and free reserves. Explan....

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Acceptance of Scope and provision of Companies (Acceptance of Deposits) Rules, 1975 explained