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![Lockdown Period will not Count to Determine Residency Status of NRIs: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/02/NRIs-Overseas-Income-Budget-2020-Taxscan.jpg "Lockdown Period will not Count to Determine Residency Status of NRIs: CBDT [Read Circular]")
Lockdown Period will not Count to Determine Residency Status of NRIs: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT), on Friday, issued a clarification in respect of residency under Section 6 of the Income Tax Act, 1961...
![Renting of Property through an Exempt Supply, included in Aggregate Turnover: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/03/Rent-Tax-Savings-ITAT-Taxscan.jpg "Renting of Property through an Exempt Supply, included in Aggregate Turnover: AAR [Read Order]")
![CBDT notifies Donations to ‘Shri Ram Janmbhoomi Teerth Kshetra’ eligible for Income Tax Deduction [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/05/Ram-Janmbhoomi-CBDT-Taxscan.jpg "CBDT notifies Donations to ‘Shri Ram Janmbhoomi Teerth Kshetra’ eligible for Income Tax Deduction [Read Notification]")
![Attachment would be Limited to the Amounts lying Cash Credit Account: Punjab & Haryana HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Cash-Credit-GST-Taxscan.jpg "Attachment would be Limited to the Amounts lying Cash Credit Account: Punjab & Haryana HC [Read Order]")
![Prasadam supplied by Temples exempted from GST: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/WhatsApp-Image-2020-05-08-at-3.12.09-PM.jpeg "Prasadam supplied by Temples exempted from GST: AAR [Read Order]")
Concessional Rate of 5% of GST isn’t applicable on Sale of Micafungin Sodium sold as Raw Materials: AAR [Read Order]
The Karnataka Authority of Advance Ruling (AAR) ruled that the concession rate of 5% of Goods and Service Tax (GST) is not applicable to the sale of Micafungin Sodium where the product is used as raw...
![Concessional Rate of 5% of GST isn’t applicable on Sale of Micafungin Sodium sold as Raw Materials: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Penalty-imposition-GST-Appellate-Tribunal-Taxscan.jpg "Concessional Rate of 5% of GST isn’t applicable on Sale of Micafungin Sodium sold as Raw Materials: AAR [Read Order]")
![Eligible CSR Payments should be Deducted while Computing Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/NFCSR-MCA-Taxscan.jpg "Eligible CSR Payments should be Deducted while Computing Business Income: ITAT [Read Order]")
![Gujarat HC directs thorough Investigation against vexatious ITC claim of Rs. 60 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/CBIC-Input-Tax-Credit-Recovery-GST-GSTN-Taxscan.jpg "Gujarat HC directs thorough Investigation against vexatious ITC claim of Rs. 60 cr [Read Order]")
Disallowance of Deduction of Interest Income should be restricted to Net Interest and not Gross Interest: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that disallowance of deduction under section 80IB(10) of the Income Tax Act, 1961 in respect of interest income should be restricted to...
![Disallowance of Deduction of Interest Income should be restricted to Net Interest and not Gross Interest: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Income-Taxscan.jpg "Disallowance of Deduction of Interest Income should be restricted to Net Interest and not Gross Interest: ITAT [Read Order]")