The 2-Minute Rule for 86 cash
The 2-Minute Rule for 86 cash
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♦ if you are a real tax payer Then you can certainly implement to the commissioner or authorised officer with
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c) The registered man or woman has obtained a refund of a lot more than Rs. A single lakh in the preceding fiscal yr under inverted obligation structure
Should the registered person less than problem has received a refund of volume bigger than Rs.1 lakh during the preceding fiscal calendar year on account of export less than LUT or as a consequence of inverted tax composition.
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Ans. The limit of 1% is over the output tax liability only. Reverse cost payments can not be considered as payment of output taxes. Therefore, the Restrict of one% will exclude the portion of taxes which has been paid out less than reverse cost.
In the U.S. Personal Vaults situation, the FBI’s Could twenty detect of forfeiture versus 369 Protected deposit containers marked A significant escalation of what was currently a Uncooked display of energy by the FBI and U.S. legal professional’s Place of work in Los Angeles.
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In the first moment, he stated in courtroom papers, brokers hold up a doc with the girl’s contact information and facts to your digital camera, then go on to open up a series of sealed envelopes and “thoroughly photograph each individual web site and Article-It Notice within the box.”
Ans. Let us assume the subsequent case in point as a way to find out the applicability of Rule 86B for month of January 2021:
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The case that brokers created in opposition to the enterprise appeared to offer enough grounds for the court to authorize seizure of the company’s desktops, safety cameras as well as other business machines — including the hundreds of Harmless deposit packing containers lining its walls.
As a result, RP must discharge no less than 1% working with cash ledger within the thirty day period of April, if these types of RP isn't lined in almost every other proviso
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