Drug-sniffing pet dogs at the store in the raid alerted to traces of medicine on the vast majority of revenue located in boxes, FBI agent Justin Palmerton claimed within a courtroom statement. The packing containers containing that cash are subject to felony investigation, he claimed.
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discharged the liability following rule 86(B) from the credit ledger in lieu of cash ledger. am i accountable for fascination if paid out discharged via cash ledger later on
♦ Worth of inverted tax composition provides shall be A part of worth of taxable provide for deciding applicability of the restriction [i.e. for calculating fifty lakhs Restrict].
♦ This proviso provides electric power to your commissioner or perhaps the officer authorised by him With this behalf to get rid of
Restriction imposed: The relevant registered folks are unable to use ITC in excessive of 99% of output tax legal responsibility. In easy words and phrases, more than ninety nine% with the output tax liability can not be discharged by making use of enter tax credit score.
While this rule has long been notified with the correct intention in your mind, the government cannot support but address a find group of genuine taxpayers at the same time within its ambit. An illustrative listing of such taxpayers has actually been presented under:
The federal government’s intent all together, their legal professionals say, was to go looking just about every box — in defiance on the Justice of the peace’s warrants — for evidence against The shoppers.
Once a financial loan is taken out, more info it can't get replaced or refinanced. Nevertheless, some confined exceptions use, which include negotiating in order to avoid foreclosure. The loan will continue being With all the DST with the expenditure cycle.
Thus if in almost any month, the limit of Rs. 50 lakhs just isn't crossed nevertheless the turnover is much more than Rs. six crores in the fiscal yr, Rule 86B doesn't need to be complied with.
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A funds counting calculator can be utilized in several circumstances that need you to locate a full sum of money and can easily be utilized for any of the next:
Ans. It mandates cash payment of 1% on the output tax legal responsibility with a month to month foundation for the registered people that are protected by this rule. This payment of legal responsibility in cash could be expected irrespective of The actual fact that there's an current equilibrium during the Digital credit score ledger.
No general public market place presently exists, and one may perhaps never ever exist. DST applications are speculative and acceptable only for Accredited Traders who don't foresee a necessity for liquidity or can manage to shed their total expense.