J&K Bank tanks 5% as Sebi okays open offer exemption
The government has proposed to infuse Rs 500 crore in the lender via a preferential share allottment.
Palm oil drops as supply concerns ease on exemption from shutdown
The benchmark palm oil contract, for June delivery, on the Bursa Malaysia D...
Import duty exemption on routers to continue
“A finance ministry notification, dated December 30, has assigned a new harmonised system (HS) c...
Budget 2020 exempts income of ISPRL from tax
In 2017, the government had exempted foreign companies from paying income tax on the sale of oil they store in India's strategic oil reserves. According to a budget 2020-21 document, the income of ISPRL will be exempt from taxes on the transaction of crude oil stored in its strategic caverns, provided the company replenishes the removed fuel within three years.
Deductions, exemptions not available in proposed new tax regime
All deductions under chapter VIA will not be claimable by those opting for the new tax regime, as per Budget 2020.
ICC Board meeting: T20 World Cup fate to be decided next month, BCCI gets December deadline for tax exemption
The ICC Board, however, decided to put an end, at least till December this year, the tug of war over tax exemptions with the BCCI.
Donations to Shri Ram Janmabhoomi Teerth Kshetra eligible for exemption from income tax
In a notification issued Friday, the Central Board of Direct Taxes (CBDT) allowed tax exemption to donations under Section 80 G of the Income Tax Act, on the grounds that the structure would be a “place of historic importance and a place of public worship”.
Budget 2019 may implement NPS withdrawal tax-exemption plan
Extension of this benefit to investors other than employees would be a welcome change.
MTal seeks immediate financial support to sustain operations
MTal said the situation of the sector has not improved much even after partial lifting of nationwide lockdown from April 20 as a result of which factories and warehouses of our member companies are either shut or operating at 20-30 per cent capacity. As the lockdown gets extended for another two weeks, these challenges will continue to impede the supply of medical devices unless the industry gets support from the government, it added.
New income tax regime vs old: Which is better for you?
To see if the new regime is beneficial, each individual will have to make their own calculations.
Sebi exempts 4 family trusts linked to Lux Industries' promoters from open offer obligation
The proposed acquisition by the trusts will attract provisions of the Takeover Regulations.
Tax queries: Exemptions, deductions you will not get in new income tax regime
Every week, an expert selected by ET answers queries from our readers on income tax and other levies.
States seek pruning of GST exemptions
A panel of state and central government officials, set up to suggest measures for revenue augmentation, has also backed rejig in the GST rate structure to shore up revenues besides a tighter administrative hand to improve compliance.
Assocham for raising tax exemption limit to Rs 5 lakh in Budget
The government is scheduled to present its first full Budget on July 5, for the current financial year.
Foreign investors unsure on tax exemption for hybrid papers
Several foreign investors had subscribed to Compulsory Convertible Preference Shares (CCPS) before April 1, 2017.