In case of Section 44AE, if taxpayer can be a partnership company, wage and fascination paid to associates is permitted as deduction from prescribed income previously mentioned
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CP Foods has undertaken a complete independent, third-party audit of its shrimp feed offer chain (each of the way back to the individual fishing boats catching fish for fishmeal generation), done by a leading Intercontinental source chain audit enterprise.
CP Foods is often a founding member in the Shrimp Sustainable Supply Chain Activity Drive (SSSC), founded in July 2014, which has convened foods producers, Worldwide merchants, and NGOs to map out a holistic advancement and audit system to the Thai shrimp market, and to determine and agree the methods and timetable to increase the sustainability and transparency of the supply chain.
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Section 44ADA – Frequent books of accounts are being managed and acquire them audited if earnings exceeds basic exemption limit.
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