NISM 10B Investment Adviser Level 2 Notes
Page 63 Of 180
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Tax Audit: Mandatory for businesses with turnover above specified limits.
MAT: Minimum Alternate Tax ensures companies pay minimum tax.
AMT: Alternate Minimum Tax for non-corporate taxpayers.
Tax Return Filing: Mandatory for income above exemption limit.
Revised Return: Corrects errors in original tax return within deadline.
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