86 cash Can Be Fun For Anyone
86 cash Can Be Fun For Anyone
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CBIC has even further clarified that 1% should be to be calculated about the tax legal responsibility in per month plus the turnover in the respective thirty day period.
Even the really poorest Indians have some cash cost savings - it's possible only a few thousand rupees stored away for a daughter's marriage, the kids' college fees or - heaven forbid - an sickness inside the loved ones.
discharged the liability adhering to rule 86(B) with the credit score ledger instead of cash ledger. am i accountable for curiosity if paid discharged via cash ledger later on
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Retaining a solution of the magnitude in India, a rustic that thrives on rumour and gossip, is nothing short of a triumph and surely a reasonable justification for any number of hiccups alongside how.
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Subsequently substantial numbers of Indians have stashes of tax-free of charge cash hidden absent - identified in this article as "black cash".
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Some economists have questioned the choice to introduce the 2,000 rupee note. They are saying In the event the policy is built to power individuals into your banking technique why problem the next denomination Notice - presumably an much more effortless automobile for black money transactions?