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The published down value (WDV) of assets for tax applications shall be calculated as of the depreciation continues to be allowed every year. This WDV can be the value on the asset for tax uses in a very case where by the asset is marketed afterwards with the assessee.
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Portion 44AE – Typical textbooks of account shall be maintained and audit shall be completed irrespective of turnover or income.
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Vertiginous expansion fees are difficult to keep up in excess of for a longer period durations, which places sector IRRs below unavoidable stress.
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For the initial couple of years of the companies existence, The 2 brothers experimented to discover their very own current market niche.[12] Because of the 1950s, the shop began to specialize in exporting animal feed, specially for chickens however the organization struggled until the 1970s if the Bangkok Bank asked it to suppose Charge of a bankrupt rooster farm. The store later on specialised in buying developed chickens for distribution to grocers and restaurants with vertically integrated approach of feed-milling functions with chicken breeding.[12] In 1969, the business experienced an yearly turnover of US$1–2 million.[13]
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