Now Cheques/Drafts/Pay Orders/Banker’s Cheques would become stale after 3 months instead of 6 months w.e.f. 01.04.2012 as the banks will not make payment for Cheques/Drafts/Pay Orders/Banker’s Cheques presented after 3 months.
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Under Punjab VAT Act TDS has to be deducted from Payments made for Works Contracts exceeding 5% at the time of making payment to the Contr...
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