Tag: Exemptions
The MCA has issued clarification relating to the financial year(s) in respect of which the exemption from reporting requirements u/s 143(3)(i) of the Companies Act, 2013 shall be applicable for …
Gifts, by an employer to his employee, having aggregate value of upto Rs 50,000/- per year, are outside the ambit of GST, i.e. exempt from GST. However, gifts above …
In relation to the provisions under Section 269ST of the Income Tax Act, 1961 on prohibition of cash receipts above Rs. 2 lacs, the CBDT has notified exemptions/ cases …
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 …