Tax queries: How much of my gratuity amount is tax-exempt?
The maximum limit amount of gratuity under the Payment of Gratuity Act, 1972 has been enhanced from Rs 10 lakh to Rs 20 lakh vide notification dated 29 March, 2018.
Govt may exempt DPIIT-certified startups from angel tax
The consideration assumes significance as several startups have claimed to receive an...
PF Chief calls for exempted trusts’ holding in IL&FS arm
CPFC has taken account of media reports as those PFs are managing people’s money.
Angel tax exemption may be hiked to Rs 25 crore
Angel tax is a term used to refer to the income tax payable on capital raised by unlisted companies via issue of shares.
I-T Dept to soon decide on startups to be exempt from angel tax
CBDT Chairman Sushil Chandra said they have received several suggestions from startups on exempting them from angel tax.
Income tax exemption limit on gratuity doubled to Rs 20 lakh: Labour Min
The latest enhancement of tax exemption limit on gratuity follows a government notification issued on March 29, 2018.
Budget 2019: Swaminathan Aiyar take on tax exemption for 5 lakh slab
The budget announced several measures for middle-class taxpayers. The key highlight was the tax exemption of income up to Rs 5 lakh per annu...
Gujarat High Court allows exporters tax exemption on imported material
The court struck down the ‘preimport’ condition on Monday, said Abhishek A Rastogi, a partner at Khaitan & Co., who represented the exporters in the case.
Tax queries: Gifts received from a relative are tax-exempt
"According to Section 56(2)(vii) of the Income-Tax Act, gifts received from relatives are not taxable. The specified list of relatives includes grandparents and grandchildren as well. "
Budget aims to boost realty with tax exemptions for both home buyers, developers
Affordable housing is expected to receive a fillip with the finance minister’s proposed extension of the benefit of 80IBA by one more year.
Oil India gets Sebi exemption from buyback norms
On November 19, Oil India's board had approved the buyback of 5.05 crore equity shares.
Yogi Adityanath announces tax exemption for film 'Uri' in Uttar Pradesh
The decision was taken at the cabinet meeting held in Allahabad, Chief Minister Yogi Adityanath, who presided over the meeting, told reporters.
I-T dept proposes online filing of tax exemption application for select institutions
The I-T department sought comments from stakeholders by November 12 on the amended rules and application forms seeking tax exemptions by such entities.
Sebi exempts government from PNB open offer; directs reducing non-public holding post capital infusion
In February, Punjab National Bank filed an application on behalf of the central government seeking exemption from open offer requirement under takeover regulations.
Brokerages set up shop in Daman to avail tax exemption
Any trade in equities is subject to various taxes including stamp duty.
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