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The cover story of MoneyLIFE’s 17th July issue was about the travails of e-filing tax returns, which have been made mandatory for companies and individuals subject to a tax audit. On 14th July, the Central Board of Direct Taxes (CBDT) issued a circular (No.5/2008) that indirectly admits the many problems faced by taxpayers in complying with CBDT demands, but the solution that it offers is...
