All the sensible issues in Chapter four, Cash Flow Statements with the TS Grewal book are diligently solved by our specialist Instructor with in excess of 21 a long time of educating experience. Each and every Answer is defined detailed, with in-depth explanations and crystal clear Doing work notes.
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Earning cash flow immediately casts a obligation about the taxpayers to discharge income tax on such money and so is the case with cash gains too. On the other hand, the revenue tax guidelines enable taxpayers to say selected exemptions versus capital gains, which is able to assist reduce their tax outgo.
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Circumstance one: Price of the new residence obtained is less than the capital gains computed about the sale of the initial property.
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