Details, Fiction and 86 cash
Details, Fiction and 86 cash
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Ans. It's been Evidently supplied the Restrict is for refund gained through the preceding financial year irrespective of the time period for which the refund had been claimed.
Customers of U.S. Private Vaults are suing the FBI over its try and confiscate gold and silver, jewellery and $86 million in cash from Secure deposit bins.
Alternatively, In the event the turnover is lower than Rs. six crores in a very economic year though the taxable provides for any thirty day period exceeds Rs. 50 lakhs, then Rule 86B stands captivated.
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Getting many of your own personal forex, Primarily USD (that may be Utilized in neighbouring nations), will save cash, Despite the fact that travellers do really need to take into account the security aspect of quantities carried and the potential for losing revenue.
But 6 months after the raid, the FBI and U.S. lawyer’s Business in Los Angeles have generated no proof of criminal wrongdoing with the overwhelming majority of box holders whose possessions the government is trying to help keep.
Nevertheless, the ITC obtainable while in the Digital credit score ledger could always be fully utilised for discharging the output tax legal responsibility. The brand new Rule 86B has limited the usage of ITC harmony for paying out its output tax liability.
♦ RCM liability discharged applying cash in recent financial yr shall not be taken into account for computing “more than 1% of overall output tax liability upto the explained thirty day period has become discharged in cash”.
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Record your total offered money which includes wages, retirement, investments, and rental Houses. You're not required to disclose earnings that is definitely alimony, boy or girl assistance or independent upkeep Until you ought to use that income to qualify to get a bank loan.
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Ans. Tiny taxpayers possessing below Rs. 50 lakhs worth of taxable provides would not get included. Also, in the exceptions talked over earlier mentioned, the vast majority of authentic taxpayers are eliminated from the ambit of the rule.
♦ This peace states that if the individual has compensated much more info more than one% working with e-cash ledger for discharging OUTPUT TAX upto the stated thirty day period in current fiscal yr then this restriction will likely not apply i.