Q 235. What is the purpose of returns?

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Ans. a) Mode  for   transfer   of   information   to   tax administration; b) Compliance    verification    program    of    tax administration; c) Finalization of the tax liabilities of the taxpayer within stipulated period of limitation; to declare tax liability for a given period; d) Providing necessary  inputs  for  taking  policy decision; e) Management of audit and anti-evasion programs of…

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