In ITO vs. Leelavati Paattamahadei, the Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) held that exemption under Section 54EC of the Income Tax Act, 1961 will be available to the assessee if the

The GST Council on Tuesday reportedly approved the changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones. The 47th meeting of

In accordance with notification number S.O. 40(E) dated January 2, 2024, the Central Board of Direct Taxes (CBDT) has granted an Income Tax exemption to the Bellary Urban Development Authority under Section 10(46) of the

The Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 206/18/2023-GST issued on 31st October 2023 has clarified District Mineral Foundations Trusts (DMFTs) Eligible for GST Exemptions as Governmental Authorities. DMFTs function in

The Maharashtra Authority of Advance Ruling (AAR) has held that no Goods and Service Tax is payable on Comprehensive architectural services. The Applicant, Sir JJ College of Architecture Consultancy Cell, the ‘Applicant’, was formed as

The Gujarat Authority of Advance Ruling (AAR) held that Gujarat State Road Development Corporation exempted from GST as it is a Government Entity for construction of roads, sideways, paths falling under jurisdiction of Municipality, Panchayat.

The West Bengal Authority for Advance Rulings (AAR) has held that the Notification on TDS is applicable on exempt supplies. The Applicant is stated to be providing conservancy/solid waste management service to the Conservancy Department

In a recent ruling, the Delhi CESTAT held that Small Scale Industry (SSI) exemption is not available to an assessee even when assessee was using third party brand name to manufacture own goods. The assessee-Units

For months, the Maharashtra Public Universities have been under scrutiny by the Goods and Services Tax ( GST ) authorities for not paying taxes on affiliation fees charged to colleges. They fear this burden will

The Karnataka Authority of Advance Ruling (AAR) ruled that no GST Exemption on Manpower services provided to Government entities. The Applicant, Vinayaka Enterprises has engaged in the business of providing manpower supply services to various

The Maharashtra Authority of Advance Ruling (AAR) ruled that no GST exemption on renting of property to Govt for under-privileged Girl. The applicant,  M/s. Meerabai Tukaram Borade submitted that  the rental income from the properties,

The Central Board of Direct Taxes (CBDT) has notified the Real Estate Regulatory Authority (RERA) eligible for Income Tax Exemption under  Section 10(46) of the Income Tax Act, 1961. The exemption is granted for the

The Central Board of Direct Taxes (CBDT) has notified the guidelines stating that not all Unit Linked Insurance Policies (ULIPs) bought after January 2021 will be Income Tax exempt. The Finance Act, 2021 amended clause

Q. Hi I am Nikita, working as a Manager in a Private Ltd. Company. Recently, I have heard about the Gold Monetization Scheme announced by the Central Government last year. I want to know more about

The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that failure to satisfy the condition of advancement of any other object of general public utility curbs to avail the benefit