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I preach the phrases, “Learning hardly ever exhausts the head.” An aspiring CA plus a passionate material author obtaining 4+ decades of palms-on experience in deciphering jargon in Indian GST, Money Tax, off late also in the much larger Indian finance ecosystem, I really like curating content material in many kinds to the fascination of tax experts, and enterprises, both of those massive and little. While not composing, you can catch me singing Shāstriya Sangeetha and tuning my violin ;). Browse additional
♦ RCM liability discharged applying cash in present-day economical calendar year shall not be taken into account for computing “in excess of 1% of complete output tax legal responsibility upto the reported month is discharged in cash”.
Just before performing on this substance, you’re proposed to hunt the advice of the fiscal, legal, tax, or Experienced advisors as to your pitfalls involved might be attained and important homework, and so forth might be finished at your conclude.
In searching for warrants for your raid, prosecutors and FBI brokers acknowledged they'd no lawful electric power to look Every box for proof of crimes. They assured the Justice of the peace they would not get more info overstep constitutional restrictions.
A Pet dog warn by itself is insufficient evidence of a drug crime to warrant forfeiture of cash, the U.S. ninth Circuit Court of Appeals dominated in 1994. The court cited testimony that seventy five% with the currency circulating in Los Angeles was tainted with copyright or other unlawful drugs.
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e. RCM legal responsibility shall be discharged ONLY making use of e-cash ledger. Consequently, utilization of ITC to discharge RCM legal responsibility is just not allowed in the slightest degree, Consequently the issue of imposing this kind of restriction shall not crop up
Q.ten Underneath the exception, whether the limit is refund acquired during the year or refund belonging on the calendar year?