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Payment Procedure


14-Apr-2023 (In Property Law)

For a payment (say 11 Crores), what are the steps/procedure of making the payment. e.g. taking permission from the income tax deptt.

Answers (1)

Answer #1
424 votes

The information provided by you is very limited to provide an advice on.

The payment that is being made by is for what purposes?

If it is for the services offered to you then equivalent service tax has to be charged by the service provider.

If it is for goods received then equivalent VAT has to be paid.

Please furnish full information so that we can provide you better legal assistance.

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

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