5 Easy Facts About 86 cash Described

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discharged the legal responsibility adhering to rule 86(B) throughout the credit ledger as opposed to cash ledger. am i accountable for curiosity if compensated discharged by way of cash ledger later on

Ans. You can find various entities throughout India which have interaction in fake invoicing i.e. problem of invoices devoid of real provide of goods and / or services. These entities have a tendency only to receive credit history and move on credit history to other entities without building any payment of taxes in cash.

Ans. Only registered folks who may have taxable provides of more than Rs. fifty lakhs in a particular thirty day period (issue to specific exceptions) have to comply with this provision.

The temple offers fantastic views on the bay and countryside, and a lot of locals there visit feed or check out the monkeys. (updated Nov 2016)

In the event the registered human being below concern has discharged his legal responsibility toward output tax by electronic cash ledger for an total in excessive of 1% cumulatively of the entire output tax legal responsibility up to your stated thirty day period in The present economic yr.

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Deposits less than any of such trade names are deposits with Green Dot Lender and therefore are aggregated for deposit insurance coverage protection up for the allowable limitations.

Ao Manao Thailand's royal loved ones and especially previous kings ended up the main to established this locale about the map as the first seashore desired destination in Thailand.

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Right after observing the safeguards, it could possibly exempt the suitable taxpayers from more info next this provision. As a result it is actually prompt that authentic taxpayers who're troubled by this new rule must very carefully draft their representation to the Office as a way to avoid the restriction of making one% tax payment by cash.

Some economists have questioned the decision to introduce the two,000 rupee Observe. They say When the plan is intended to force people in the banking program why issue the next denomination Observe - presumably an a lot more convenient car for black income transactions?

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