A Secret Weapon For 86 cash
A Secret Weapon For 86 cash
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So, RP must discharge a minimum of 1% working with cash ledger during the month of April, if this kind of RP isn't lined in any other proviso
Buying choice belongings includes increased hazards than classic investments which is suited only for classy investors. Alternative investments are often marketed by prospectus that discloses all challenges, costs, and expenditures. They are not tax efficient and an Trader need to check with with his/her tax advisor prior to investing.
Forfeiture can be a controversial Device applied seriously in current a long time by federal, condition and native law enforcement companies nationwide. Proponents say it deters criminal offense Using the menace that cash, cars and trucks as well as other residence obtained illegally, or employed for illicit applications, might be confiscated.
Ans. Only registered individuals who've taxable materials of over Rs. fifty lakhs in a particular month (subject to selected exceptions) need to adjust to this provision.
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e. RCM legal responsibility shall be discharged ONLY applying e-cash ledger. Therefore, utilization of ITC to discharge RCM legal responsibility will not be permitted in any respect, As a result the question of imposing these kinds of restriction shall not crop up
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Nevertheless, the ITC click here accessible in the Digital credit score ledger could usually be fully utilised for discharging the output tax legal responsibility. The new Rule 86B has limited the usage of ITC balance for shelling out its output tax liability.
“The 4th Modification and also the forfeiture guidelines demand the alternative — that you've the proof initial, and Then you can certainly take house.”