Tax relief for private company staff too for LTA spends on consumer goods
The government is keen to ensure that private-sector employees are also nudged to take advantage of the scheme that seeks to prop up consumer demand. The government expects this incentive to the private sector will generate additional consumer demand of Rs 28,000 crore.
Civil aviation min, DGCA grant conditional exemption to NCRTC for using drones
The conditions include securing necessary clearances from the ...
Battery operated vehicles exempted from registration fee in Delhi
Earlier this week, the government had waived road tax on all electric vehic...
Government allows bulk transfer of provident fund from exempted establishments
Till now exempted establishments had to approve and transfer the funds one-by-one for each member. Consequently, larger establishments requiring to transfer the funds of many employees each day, found the process very cumbersome and time taking.
Should you spend Rs 3 lakh to get Rs 30,000 LTA income tax sop?
Government is offering you a window where you can avoid paying Rs 30,000 without going on a , provided you spend Rs 3 lakh to purchase a car, laptop, TV set, fridge, smartphones or a combination of these items which attract over 12% GST.
Sebi exempts family trusts linked to Minda Industries' promoters from open offer requirement
Granting exemption, Sebi said the proposed acquisition of shares is in "furtherance to an internal reorganisation within the promoter's family and is intended to streamline succession and promote welfare of the promoter's family".
Sebi exempts family trust linked to Astec Life Sciences from open offer
Sebi said the proposed acquisition of shares is in "furtherance to an internal reorganization within the promoter's family and is intended to streamline succession and promote welfare of the promoter's family".
Govt launches tax-exempt LTC cash voucher scheme to boost consumer spending
This is a one-time scheme and payment will be only in lieu of one LTC during the block of four years 2018-21. This should help people to some extent as it makes one third of their spending, as per specified conditions, tax exempt.
Delhi government exempts road tax on battery-operated vehicles under its EV policy
The Transport department, in it notification issued on Saturday, stated that the Lieutenant Governor of the National Capital Territory of Delhi exempted the tax levied upon all battery electric vehicles with immediate effect.
CBDT notifies rules on tax exemption for District Mineral Foundation Trusts
The Board has specified conditions for availing the exemption. The Trust cannot engage in any commercial activity and activities and nature of the specified income shall remain unchanged throughout the financial years. The Trust has to file income tax returns and audit reports, certified by a chartered accountant.
Automakers seek delays, exemptions to India's planned new rules for parts: Sources
Prime Minister Narendra Modi is keen to reduce imports to boost local manufacturing to make India more self-sufficient and enable it to play a bigger role in the global supply chain.
Phone, electronics makers seek exemption from 'faceless assessment' for shipments
“We request all AEO (authorized economic operator) and In-Bond Manufacturing entities import/export be permitted “green channel” for self-assessment and automatic clearing for both import and export shipments to promote faster capacity addition and greatly improve ease of doing business,” the India Cellular and Electronic Association said
Saudi Arabia imposes new tax on property deals, exempts them from VAT
The kingdom's finance minister said on Twitter that the order, which was carried on state media, aimed to help spur economic growth and provide support for Saudi citizens.
No pension fund has made investments in bonds rated below AA: Supratim Bandyopadhyay, PFRDA
Most pension fund managers follow their own investment guidelines which are stricter than what PFRDA has laid down, says PFRDA Chairman, Supratim Bandyopadhyay.
All serving and retired soldiers in Maharashtra exempted from panchayat property tax
The decision was taken following pursuance by Agriculture Minister Dadaji Bhuse, the statement said. Till now, the recipients of defence gallantry awards or their dependents were exempted from the Gram Panchayat property tax for one residential building.