Income Tax : This guide explains the exclusive tax benefits, deductions, exemptions, concessional tax regimes, and compliance relief available ...
Income Tax : The Income Tax Act, 2025 introduces a significant structural reform by relocating the exempt income provisions previously containe...
Income Tax : Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA...
Income Tax : Discover the benefits and workings of tax holidays, their impact on foreign investment, economic activities, and the key sections ...
Income Tax : Exemptions from tax, also known as non-taxable income, refer to the income that is not subject to income tax. This income may be e...
Finance : The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 ...
Income Tax : Analysis of tax exemptions for individuals vs corporations, middle-class benefits, and the impact of measures under the new tax re...
Income Tax : The government provides tax benefits to individuals and corporations. Recent budgets increased exemptions for middle-class taxpaye...
Income Tax : In order to curb the practice of declaring unaccounted income as exempt long term capital gain by entering into sham transactions,...
Income Tax : BJP leader Arun Jaitley on Friday advocated hike in income tax exemption limit, enhancement of excise limit for small industrial u...
Income Tax : The High Court quashed the rejection of a university’s Section 10(46) application because no opportunity of hearing was granted....
Income Tax : ITAT Kolkata has allowed a Sikkimese proprietor to claim a tax exemption u/s 10(26AAA) despite using a wrong PAN. The tribunal cit...
Income Tax : Read the detailed analysis of the ITAT Kolkata judgment on Anudip Foundation vs. CIT, discussing the rejection of 80G final approv...
Income Tax : Punjab & Haryana High Court rules assessees aren't required to keep the department's e-portal open at all times to track actions. ...
Income Tax : The issue under consideration is whether the assessee being employee of Public Sector Undertaking (PSU) and Nationalised Banks tre...
This guide explains the exclusive tax benefits, deductions, exemptions, concessional tax regimes, and compliance relief available to resident persons and Indian companies under the Income-tax Act. It provides a comprehensive reference for AY 2026-27.
The Income Tax Act, 2025 introduces a significant structural reform by relocating the exempt income provisions previously contained in Section 10 of the Income-tax Act, 1961, into Section 11 supported by a schedule-based framework. While the legislative architecture has changed, the substantive policy governing exemptions remains largely intact. Key exemptions, including agricultural income, life insurance […]
Relocating to Sikkim does not automatically exempt you from income tax. This article explains who qualifies under Section 10(26AAA) and why eligibility depends on historical status rather than residence.
The Government has exempted interest and capital gains earned by FPIs on Government securities from income tax with effect from 1 April 2026. The reform aims to attract stable long-term foreign investment and make India’s debt market globally competitive.
The High Court quashed the rejection of a university’s Section 10(46) application because no opportunity of hearing was granted. It held that prior exemptions under other provisions do not bar independent consideration.
ITAT Kolkata has allowed a Sikkimese proprietor to claim a tax exemption u/s 10(26AAA) despite using a wrong PAN. The tribunal cited a Supreme Court judgment.
Analysis of tax exemptions for individuals vs corporations, middle-class benefits, and the impact of measures under the new tax regime in Budget 2025-26.
The government provides tax benefits to individuals and corporations. Recent budgets increased exemptions for middle-class taxpayers while monitoring tax incentives.
Read the detailed analysis of the ITAT Kolkata judgment on Anudip Foundation vs. CIT, discussing the rejection of 80G final approval. Key legal interpretations included.
Punjab & Haryana High Court rules assessees aren’t required to keep the department’s e-portal open at all times to track actions. Detailed judgment analysis provided.
