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The FBI’s authorized handbook for brokers describes inventory queries as a caretaking function. Agents ought to not use them being a ruse to get a “standard rummaging” to find evidence of crimes, the Supreme Court has ruled.
1 lakh as profits tax. This amount must have been paid out in Every of The 2 preceding economical a long time for which the deadline to file return of revenue beneath subsection portion 139(1) on the reported Act has expired.
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e. RCM liability shall be discharged ONLY utilizing e-cash ledger. Therefore, utilization of ITC more info to discharge RCM legal responsibility is not really permitted at all, Hence the issue of imposing these kinds of restriction shall not arise
Q.nine When intending to point out that refund during the previous financial year ought to be more than one lakh, would the Restrict be calculated for all refunds taken together?
In actual fact, TICs have pale in favor of DSTs when accomplishing a 1031 exchange. Keep reading To find out more vital specifics about this ruling.
The government’s intent all alongside, their legal professionals say, was to search each individual box — in defiance in the Justice of the peace’s warrants — for evidence in opposition to The purchasers.
Ans. The Restrict of Rs. A person lakh will likely be calculated for inverted responsibility composition and zero rated supplies individually. Thus, the limit for your exports and supplies to SEZ developer or unit might be clubbed to ascertain Rs. A single lakh but that on the inverted duty framework could well be separate.
CBIC has additional clarified that 1% will be to be calculated on the tax liability in a month as well as the turnover with the respective thirty day period.
♦ This proviso gives electricity towards the commissioner or the officer authorised by him On this behalf to remove
Alternatively, In the event the turnover is below Rs. six crores in the financial 12 months but the taxable materials for any thirty day period exceeds Rs. 50 lakhs, then Rule 86B stands attracted.
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