Top latest Five 86 cash Urban news
Top latest Five 86 cash Urban news
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Ans. It has been Plainly provided the limit is for refund received during the previous economic 12 months regardless of the period for which the refund had been claimed.
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discharged the liability subsequent rule 86(B) in the credit ledger in place of cash ledger. am i chargeable for desire if compensated discharged by way of cash ledger afterwards
The FBI seized it, turned down his requests to return it and it is now transferring to confiscate it without having rationalization.
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Ans. Only registered individuals who have taxable materials of over Rs. fifty lakhs in a specific thirty day period (subject matter to specified exceptions) should adjust to this provision.
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Applicability: This rule is applicable to registered persons possessing taxable value of source (in addition to exempt source and zero-rated source) in a month that is over Rs.50 lakh. The limit needs to be checked every month before filing each return.
Frommer is often a senior lawyer with the libertarian Institute for Justice in Virginia, the place he concentrates on demanding govt forfeitures.
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