5 Easy Facts About 86 cash Described
5 Easy Facts About 86 cash Described
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The DST can not tackle new capital as soon as it is shut. Present investors also cannot contribute extra money. Their First expenditure is their final financial commitment.
Ans. The worth of all zero-rated supplies like exports and provides to SEZ will probably be excluded for calculating the limit of Rs. fifty lakhs.
However this rule has actually been notified with the ideal intention in mind, the government can not aid but go over a pick group of legitimate taxpayers at the same time inside of its ambit. An illustrative listing of these types of taxpayers is presented underneath:
In the event the registered human being beneath issue has discharged his liability in direction of output tax by electronic cash ledger for an amount in extra of one% cumulatively of the entire output tax liability up to your stated month in The present economical year.
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Hence, RP will have to discharge a minimum of 1% employing cash ledger in the thirty day period of April, if this kind of RP is just not coated in another proviso
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♦ This rest states that if the person has compensated much more than one% employing e-cash ledger for discharging OUTPUT TAX upto the claimed month in recent economical yr then this restriction will likely not use i.
Just one lakh as earnings tax. This quantity must have been paid in Each individual of the two preceding money many years for which the deadline to file return of money below subsection section 139(1) in the stated Act has expired.
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Thus if in any thirty day period, the limit of Rs. fifty lakhs is not crossed nevertheless the turnover is greater than Rs. six crores within a economic year, Rule 86B does not must be complied with.