A business tax return is basically an income tax return. The return is a statement of income and expenditure of the business. Also, any tax to be paid... show more
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A business tax return is basically an income tax return. The return is a statement of income and expenditure of the business. Also, any tax to be paid on the profits made by you is declared in this return. The return also contains details of the assets and liabilities held by the business. Items like fixed assets, debtors and creditors of business, loans taken and loans were given are declared here.
