CIT prepayments refer to advance payments made towards Corporate Income Tax (CIT) obligations. These prepayments are typically required by tax authorities to ensure that businesses contribute to their tax liabilities throughout the fiscal year, rather than just at the end. The prepayments are often based on estimated earnings and can help avoid penalties for underpayment. Businesses can reconcile these prepayments when filing their annual tax returns.
Yes. You will receive / provide no cash or cash-equivalents. You will get / provide some assets for the prepayments.
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A CIT is a counselor in training.
prepayments are part of asset side of balance sheet and shown as current or other assets in balance sheet.
As of July 2014, the market cap for CIT Group Inc (DEL) (CIT) is $9,449,640,967.25.
No. CIT and Citi Group are not the same companies nor are they related entities. In fact, they are competitors.. CIT is (or was) Commercial Investment Trust
The symbol for CIT Group Inc (DEL) in the NYSE is: CIT.
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CIT Laurentides was created in 2004.