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Q.nine When intending to state that refund during the previous fiscal yr ought to be more than one lakh, would the limit be calculated for all refunds taken collectively?
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Cricket legend Freddie and his workforce of lads from Lancashire encounter their most important sporting problem however
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“They went over a fishing expedition,” Paluch claimed. “They painted us all using this type of wide brush as criminals.”
Therefore big quantities of Indians have stashes of tax-absolutely free cash concealed away - acknowledged here as "black income".
Box holders as well as their lawyers denounced the ploy as being a brazen abuse of forfeiture laws, expressing prosecutors along with the FBI were trampling to the rights of people who thought they’d located a secure place to stash confidential files, heirlooms, gold, uncommon cash and cash.
Ans. It mandates cash payment of one% of the output tax liability over a monthly basis to the registered folks who are coated by this rule. This payment of liability in cash might be required irrespective of The very fact that there is an current harmony in the Digital credit ledger.