Just one lakh as income tax. This quantity ought to have been paid out in Each and every of The 2 preceding money several years for which the time limit to file return of revenue less than subsection section 139(one) in the explained Act has expired.
All of fourteen cash changers of this chain are in close proximity to tourist destinations or fast paced purchasing spots, together with one kiosk at Bangkok Suvarnabhumi Airport.
Their features for other currencies can also be near to its counterparts’, and much better than banking companies’ exchange charges.
Ans. Only registered individuals which have taxable provides of more than Rs. 50 lakhs in a particular thirty day period (subject to particular exceptions) should comply with this provision.
♦ This proviso presents ability to the commissioner or the officer authorised by him in this behalf to eliminate
Obtaining reported this, it may be argued in such a circumstance, there was no avoidance of any tax legal responsibility. As a result, there's no volume payable to The federal government. Therefore, there can't be any problem of any tax legal responsibility or fascination or penalty payable to the contravention of the provision.
A video screen seize taken from U.S. District Court docket paperwork displays a federal agent managing exceptional cash seized from a secure deposit box at U.S. Private Vaults in Beverly Hills.
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♦ Since 1% payment by cash is usually to be checked in “current” FY hence, during the month of April of any money 12 months [getting the 1st thirty day period], this proviso will not be relevant.
Ans. The Restrict of Rs. A here single lakh will be calculated for inverted obligation framework and zero rated materials separately. Therefore, the Restrict with the exports and supplies to SEZ developer or unit is going to be clubbed to ascertain Rs. 1 lakh but that with the inverted responsibility structure will be individual.
Jane Bambauer, a legislation professor at the College of Arizona, reported that beneath the limitations Kim imposed around the look for, the usage of drug dogs to smell cash inside the packing containers was a 4th Amendment violation.
But Smithy, the LAPD Pet that sniffed Coe’s cash, is experienced to detect cannabis far too. In his 8-yr occupation being a drug Pet, Smithy’s operate led on the seizure of far more marijuana than the other a few prescription drugs put together, In keeping with a court docket statement by his handler, Officer Dolores Suviate.
Bangkok is often a town of extremes: For each and every luxurious lodge, there’s a crappy hostel in which you can continue to be the night time for a couple of euros.
Prosecutors state that theft, fraud and cash laundering justify the forfeiture. Nevertheless the grievance’s only evidence was that among the brothers — it did not say which 1 — had allegedly “been in connection with” suspected armed robbers of mobile cell phone outlets.