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Q.9 When meaning to state that refund from the previous fiscal 12 months really should be more than one lakh, would the limit be calculated for all refunds taken with each other?♦ Provision starts off with non-obstante clause :- which implies the provision specified in this rule will prevailQ.ten Beneath the exception, if the limit is refund rece
Ans. Just one will not must cumulatively compute the taxable materials by merging values of the earlier month. 1 really should only locate the taxable provides of the present thirty day period to ascertain if it exceeds Rs. 50 lakhs. If Of course, a person ought to comply with this provision.“The 4th Amendment and also the forfeiture laws involve