Tag: Exemptions
The Central Government has notified exemptions from customs duty in respect of the following imports under the India-Australia Economic Co-operation and Trade Agreement (Ind-Aus ECTA), in exercise of the …
Bengaluru MP Tejasvi Surya has raised the issue in Parliament about including Bengaluru in Metro Cities for allowing 50% HRA exemption under Section 10(13A) of the Income Tax Act, …
The CBIC has notified that small taxpayers with an aggregate annual turnover (AATO) of up to Rs 2 crore are exempt from filing the annual GST return for the …
In light of recent changes in the Income Tax provisions relating to compliance by charitable religious trusts/institutions, the ICAI has issued a new publication, ‘Handbook on Statement of Donations …
Salaried individuals normally get House Rent Allowance (HRA) as a component of their salary which is partly exempt from income tax subject to certain conditions, stipulated in Section 10(13A) …
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CBIC has notified that Exemption from tax under ‘Reverse Charge Mechanism (RCM)’ under GST stands rescinded w.e.f. 01/02/2019 in respect of Intra-state Purchases of Goods and Services from Unregistered …
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 …
