86 cash Fundamentals Explained
Your browser isn’t supported any longer. Update it to obtain the most effective YouTube working experience and our latest capabilities. Learn moreWe require your banking account facts to verify your id and permit lenders to deposit cash into your account In the event your mortgage request is authorised. Precisely supplying your bank facts makes sure that any transactions are directed to the right account and boosts defense towards fraudulent pursuits.
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♦ RCM legal responsibility discharged using cash in current financial calendar year shall not be taken into account for computing “much more than 1% of whole output tax liability upto the stated thirty day period continues to be discharged in cash”.
♦ When you are a genuine tax payer You'll be able to utilize to the commissioner or authorised officer with
Therefore, it implies that minimum amount one% with the output tax liability shall be discharged in cash making use of e-cash ledger
Q.7 Are there any exceptions towards the listing of registered people who will be required to comply with this rule?
Early deposit does not implement to GO2bank accounts opened in a tax Experienced’s Office environment. The identify and Social Safety range on file Using the IRS have to match your GO2bank account to avoid fraud limits about the account.
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Therefore if in any month, the limit of Rs. 50 lakhs just isn't crossed though the turnover is greater than Rs. 6 crores in a economical yr, Rule 86B isn't going to have to be complied with.
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Ans. Only registered folks who have taxable supplies of much more than Rs. fifty lakhs in read more a particular month (subject to certain exceptions) need to comply with this provision.
Author’s view :- The restriction on utilization is usually to be applied on aggregate basis. On the other hand, you'll find superior prospects
Nonthaburi is right northwest of Bangkok over the Chao Phraya River. The province is part from the better Bangkok Metropolitan Place. For most pieces it is as urbanized because the money,[7] as well as the boundary amongst The 2 provinces is almost unrecognizable. There is absolutely no forest place in the province.[eight]