Tag: Exemptions
The CBEC has notified that Persons, making supplies of Goods and Services which are subject to GST on Reverse Charge basis, i.e. where total tax is payable only by …
CBDT has notified that the condition of chargeability to STT, for exemption u/s 10(38) of Income Tax, shall not apply to certain specified transactions of acquisitions of equity shares …
Salaried individuals normally get House Rent Allowance as a component of their salary which is partly exempt from income tax subject to certain conditions, stipulated in S.10(13A) and Rule …
The CBEC has clarified the issue of denial of exemption from excise duty on inputs, in cases where goods manufactured by EOU are supplied to Advance Licence / Authorisation …
The CBDT has notified that provisions of S.206 relating to TCS shall not apply to certain class or class of buyers, i.e. Government, Embassies & Notified UN Institutions.
The CBDT vide Circular No. 21/2016 dt 27 May 2016 has clarified that no cancellation of registration of Charitable Trusts u/s 12AA of the Income-tax Act, 1961 should be …
The CBEC has clarified that service tax payable on the services provided by certain specified organisations regarding religious pilgrimages facilitated by the MEA under bilateral arrangement shall not be …
CBDT has notified that specified Income of Competition Commission of India (CCI) is exempted under Income Tax for the financial years 2016-2017 to 2020-2021.
The GoI has notified that the services provided by the Govt. or local authority to any business entity, except those which are specifically exempted otherwise or are covered by …
GoI amends Mega Exemption Notification by inserting new entry of services provided by Government or a local authority to a business entity having turnover upto Rs. 10 Lacs in …