The issue involved granting recognition to an institution for research purposes. The authority approved eligibility, allowing tax deductions for scientific research activities.
SEBI examined whether WhatsApp chats can serve as proof of client instructions. It held they are valid if properly recorded, retrievable, and legally verifiable.
The issue concerns approval of an institution for tax deduction eligibility. The notification grants recognition subject to compliance, enabling donors to claim benefits under Section 35.
The government has approved a university under Section 35(1)(ii), enabling donors to claim tax deductions for research contributions. Compliance with reporting and certification requirements is mandatory.
CBDT introduced Income-tax Rules, 2026 to operationalize the Income-tax Act, 2025. The rules standardize procedures on valuation, reporting, and compliance across tax domains.
The government introduced a time-bound export support scheme to counter rising freight and insurance costs due to geopolitical tensions. It provides enhanced risk coverage and reimbursements to ensure export continuity.
The notification removes Policy Condition No. 2(iii) from Chapter 95 of ITC (HS). This change alters the applicable import policy framework with immediate effect.
The amendments permit specified trusts to convert into LLPs with continuity of assets and liabilities. The key takeaway is simplified restructuring without disrupting operations.
The government amended monetary limits for ED officers handling FEMA cases. It allows broader jurisdiction to improve efficiency in adjudication of foreign exchange violations.
The notification grants scientific research approval enabling donors to claim tax deductions under Section 35. It mandates strict compliance with reporting and certification requirements.
