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Computation of Returns

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Computation of Returns

Computation statement of returns is a detailed statement of return of income filed by the assesse. The detailed computation statement indicates the income of the assesse headwise and detailed about the deductions claimed under various provisions of The Income Tax Act and also the detailed calculation of due taxes on income and mode of payment of the taxes. This statement is commonly required by banks and financial institutions in addition to the income tax return filed by then assesse for processing of loan file of the persons.

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