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WEBEL TECHNOLOGY LIMITED CORRIGENDUM II TENDER NO. WTL/FNS/HW/2122/018 DATED 07/09/2021 Sl. No.1.2.SectionBBClause No.59Page No.Present Entry5The bidder should have an average annual turnover of not

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What is present entry?

A present entry is a formal submission made by a taxpayer to declare their income and calculate their tax obligations for the current tax period.

Who is required to file present entry?

All individuals and businesses that have taxable income or financial transactions in a given tax period are required to file a present entry.

How to fill out present entry?

To fill out a present entry, taxpayers must provide their personal information, report their income sources, deduct eligible expenses, and calculate the total tax owed.

What is the purpose of present entry?

The purpose of present entry is to ensure compliance with tax laws by reporting income, calculating tax liabilities, and facilitating the collection of taxes by the government.

What information must be reported on present entry?

Information required includes personal identification details, income sources, deductions, tax credits claimed, and calculations of total taxable income.

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