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Q.9 When meaning to state that refund while in the previous economical calendar year need to be multiple lakh, would the Restrict be calculated for all refunds taken with each other?

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While this rule has actually been notified with the best intention in your mind, The federal government simply cannot assistance but go over a select team of real taxpayers also within its ambit. An illustrative listing of this kind of taxpayers continues to be provided down below:

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Khao Khong Chai Cave is on a limestone mountain array that may be about 353 metres high. The vary is of course lovely and has a sizable cave in entrance, the place stone equipment and earthenware pieces have been discovered.

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The moment a loan is taken out, it are not able to get replaced or refinanced. Nonetheless, some confined exceptions utilize, like negotiating to prevent foreclosure. The bank loan will continue to be Along with the DST for the expenditure cycle.

In the initial moment, he said in courtroom papers, agents delay a doc with the woman’s Get hold of information towards the digital camera, then go on to open up a series of sealed envelopes and “diligently photograph each and every web site and Write-up-It Be aware within the box.”

Ans. The limit of Rs. A person lakh are going to be calculated for inverted obligation structure and zero rated provides separately. Thereby, the limit for that exports and supplies to SEZ developer or device will likely be clubbed to ascertain Rs. One particular lakh but that from the inverted duty structure could be different.

♦ Worth of zero-rated supplies either effected with payment of IGST or effected beneath bond or LuT shall not be A part of price of taxable source for figuring out applicability of this restriction [i.e. for calculating 50 lakhs Restrict].

Ans. It's been Obviously provided the Restrict is for refund obtained in the previous economical calendar year regardless of the period for which the refund had been claimed.

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