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Afghanistan will offer a five-year tax exemption for new domestic industries and a 1% import duty on raw materials and machinery, Afghan commerce minister Nooruddin Azizi said on Friday, while vowing to deepen economic ties with India.
The government has proposed a tax exemption of up to 20 years for data centre developers, provided they meet targets on capacity addition, power usage effectiveness, and employment generation. These incentives are outline in a new draft of the National Data Centre Policy, reviewed by Business Standard and circulated among stakeholders for consultation.
The central government think tank NITI Aayog has proposed exempting state universities and institutes from goods and services tax (GST) and income-tax to bolster their research and development (R&D) outcomes.
Delhi high court has set aside a Central Information Commission (CIC) order directing the Central Board of Direct Taxes (CBDT) to furnish…
The Delhi high court has stayed the income-tax department’s order revoking the tax exemption status of Oxfam India and Care…
The government on Monday said the Income Tax department has denied tax exemption to BCCI under Section 11 of I-T…
In a big boost to the travel, tourism and hospitality sections the transport department on Monday announced tax exemption for…
Limited Liability Partnership (“LLP”) is to be treated as a firm under the Income Tax Act, 1961 and a firm can be a partner in other partnership firms therefore, the assessee being a LLP is eligible to exemption under Section 10(2A) of the IT Act from the share of profit received from other partnership firms.
Budget 2023 Expectations on Income Tax the Union Finance Minister Nirmala Sitharaman is expected to table Union Budget 2023-24 in…
A Dravida Munnetra Kazhagam (DMK) functionary has moved a plea before the Madras High Court’s Madurai Bench seeking an income…