What Does 86 cash Mean?
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♦ Publish-Modification : utilization of e-credit ledger is limited to optimum of 99% of output tax legal responsibility
Homes in a very DST can not be replaced with other Houses. This means that a single house cannot be marketed so that A different could be obtained.
On the flip side, When the turnover is under Rs. six crores within a financial year however the taxable supplies for just about any month exceeds Rs. 50 lakhs, then Rule 86B stands captivated.
Take note: E-Finance is no more utilized to approach GSU vacation vouchers. If member is not able to attend an in-particular person appointment, GSU customers ought to post their journey voucher package by way of CSP only.
Critics, having said that, say it is commonly abused by law enforcement and prosecutors who will seize persons’s residence even should they deficiency evidence to confirm their guilt in the felony trial. Several jurisdictions have faced accusations of excessive use of forfeiture to fund regulation enforcement functions.
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California Beverly Hills store Permit criminals stash guns, medicine and cash in vault at strip shopping mall, prosecutors say
CBIC has more clarified that one% would be to be calculated to the tax legal responsibility in per month plus the turnover with the respective thirty day period.
But six months once the raid, the FBI and U.S. lawyer’s Place of work in L. a. have generated no evidence of prison wrongdoing with the overwhelming majority of box holders whose possessions the government is attempting click here to help keep.
Q.nine When meaning to state that refund inside the preceding economical year need to be more than one lakh, would the Restrict be calculated for all refunds taken together?
One particular lakh as money tax. This amount of money ought to have been paid in Every single of The 2 previous fiscal several years for which the deadline to file return of earnings below subsection section 139(one) from the mentioned Act has expired.
Ans. Only registered individuals who've taxable materials of a lot more than Rs. fifty lakhs in a selected month (topic to certain exceptions) should adjust to this provision.