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Certification Course on Practical Filing of Income Tax Returns
Not necessarily
No....
He calculate the tax amount includes rate from the MRP.....
If MRP is 100 and Tax Rate is 18%. Then he calculate Rs. 84.75 x 18% = 15.25.... Tax Value is 15.25
Traders also collect tax his sales for the MRP related products... MRP products also include the tax amounts.
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