Tag: Exemptions
ICAI has released it’s new publication ‘Handbook on Statement of Donations Received (May 2022 Edition)‘, in view of recent amendments in the Income tax provisions relating to compliance by …
CBDT clarifies that any sum received including by way of bonus during the current previous year under any one or more eligible Unit Linked Insurance Policy (ULIPs) issued on …
CBDT announces further relaxation/ extension in timelines of various compliance requirements and exemption for expenditure on COVID treatment/ ex-gratia receipts on death due to COVID, under Income Tax Act …
CBIC has notified that Exemption from tax under 'Reverse Charge Mechanism (RCM)' under GST stands rescinded w.e.f. 1 Feb. 2019 in respect of Intra-state Purchases of Goods and Services from …
CBIC/ Central Govt. has notified exemption from 'Basic Custom Duty (BCD) and Integrated Goods and Services Tax (IGST)' for 'Kerala Flood Relief Imports' (Materials/ Consignments despatched/ imported from abroad), …
CBIC has issued a circular for clarification about GST applicability/ exemption in respect of Ambulance Service provided by Private Service Providers to the Central/ State Govt., for transportation of …
GST Council, in its 22nd Meeting on 6 Oct. 2017 has noted that Goods Transport Agencies (GTAs) are not willing to provide services to unregistered persons due to GST …
CBEC has issued Notifications relating to Rate Reduction on certain 'Specified Work Contract Services', like construction, erection, commissioning, installation, completion, fitting out, repair, maintenance, renovation, or alteration, etc., under the CGST, IGST …
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 …
