Mrs. X opted for the composition scheme at the time of registration and purchased a plant and
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Question:
Mrs. X opted for the composition scheme at the time of registration and purchased a plant and machinery for Rs. 30,00,000 and paid input tax at a rate of 18% tax credit was not allowed but after a period of 9 months and 10 days, the dealer has opted for payment under the normal scheme. Compute the amount of tax credit allowed to Mrs. X.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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