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Answer Posted / ravinder singh
SLR IS BASICALLY STATUTORY LIQUIDITY RATIO.BANKS NEEDS TO
MAINTAIN THIER CASH,GOLD, EVERYDAY UPTO THE SLR PERCENT AS
PER THE INSTRUCTION OF RBI.THE BANKS NEEDS TO KEEP A CHECK
ON IT EVERY DAY.THIS BASICALLY HELPS THIER CREDITORS.
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ie it possible to charge WHT and VAT on one trancaction? if yes,kindly explain the dynamics/working of both taxes
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