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The Annual Quality Assurance Report (AQAR) of the IQAC All NAAC accredited institutions will submit an annual selfreviewed progress report to NAAC, through its IQAC. The report is to detail the tangible
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BBA refers to the Base Erosion and Anti-Abuse tax, which is a provision designed to prevent tax base erosion by ensuring that multinational corporations pay a minimum level of tax on their U.S. income.
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Typically, multinational corporations that meet certain revenue thresholds and have a global annual revenue exceeding $500 million may be required to file BBA.
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To fill out BBA, taxpayers need to provide information regarding their income, deductions, and tax positions according to the specific guidelines set by the IRS in the relevant tax forms.
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The purpose of BBA is to deter base erosion and profit shifting by multinational enterprises and ensure that U.S. taxpayers are not disadvantaged by tax avoidance strategies.
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Information that must be reported includes income sourced from U.S. operations, foreign tax credits, shareholdings, and any transactions that could affect taxation.
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