The amendment clarifies that income from investments made before 1 April 2017 is excluded from Chapter XI provisions. It ensures that legacy investments are protected from retrospective tax implications while applying anti-abuse rules prospectively.
The government notified a statutory commission for tax benefits under section 10(46A). The exemption applies from AY 2026-27 subject to continued eligibility conditions.
The proposed amendments mandate intermediaries to comply with government advisories and directions as part of due diligence. They also expand regulatory oversight to include user-generated news content.
Learn how EMI calculators help businesses estimate repayments accurately and avoid financial strain. The key takeaway is improved cash flow management and disciplined borrowing.
A new payment aggregator facility now allows customs duty payments through UPI, credit, and debit cards. This reform simplifies transactions and improves ease of doing business. The key takeaway is faster, more flexible payment options for importers.
The government introduced new rules replacing the 2017 framework to streamline IGST settlement between Centre and States. The rules establish detailed reporting, reconciliation, and fund transfer mechanisms to ensure accuracy and transparency.
The notification updates tariff values used for duty calculation on key imports like gold, silver, and palm oil. It aims to align customs valuation with global prices and prevent under-invoicing.
The government granted income tax exemption on specified income including cess and contributions. The benefit is subject to strict conditions like no commercial activity and mandatory return filing.
The notification grants approval for scientific research, allowing donors to claim tax deductions on contributions. It also mandates strict compliance with reporting and certification requirements.
Learn how Corporate NPS can help maximize tax savings while building retirement wealth. The webinar explains practical implementation and benefits for both employers and employees.
