Potential dangers: There’s no promise for your risk-free return since a firm could commit to make alterations and cease shelling out dividends.
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Critics, on the other hand, say it is commonly abused by police and prosecutors who will seize individuals’s house even when they lack proof to establish their guilt in a very felony trial. Numerous jurisdictions have confronted accusations of abnormal utilization of forfeiture to fund law enforcement functions.
c) The registered particular person has been given a refund of over Rs. 1 lakh within the previous financial yr less than inverted duty composition
Federal agents say the use of rubber bands and also other everyday ways of storing cash ended up indications of drug trafficking or revenue laundering.
Why should seniors devote their revenue? Two of the reasons why seniors may very well be hesitant about investing their money will be the stigma hooked up to investing and the will to stop getting considerable hazards following retirement. Some older Older people could be unfamiliar with or panic investing as a result of inexperience.
Though this rule has also brought authentic taxpayers underneath ambit making it inconvenient for them, the motto of The federal government is to prevent bogus invoicing and sooner or later curb tax evasion.
Many of the unscrupulous taxpayers and A few authentic taxpayers might be protected in the ambit of the rule. Any real taxpayer getting coated by this provision and struggling with a cash crunch whilst generating payment of GST in cash should really make an software to the jurisdictional Commissioner for removal from the restriction of Rule 86B on him.
Ans. Allow us to presume the next case in point in order to more info find out the applicability of Rule 86B for thirty day period of January 2021:
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At U.S. Non-public Vaults, a minimum of two boxes contained substantial sums of cash from licensed cannabis firms that cannot open up bank accounts resulting from federal legal guidelines banning the sale and possession of your drug, In keeping with box holder attorneys. The safe deposit containers weren't airtight, And so the scent of cannabis could unfold among the them.
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