Exempt Income of Non-Residents: FM proposes Section 10 Amendment in Union Budget 2025
The Union Budget 2025-26 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today. One of the more intriguing changes proposed by...
![Finance Ministry Grants TDS Exemption to Credit Guarantee Funds Managed by NCGTC u/s 10(46B)(i) of Income Tax [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/01/Finance-Ministry-TDS-Exemption-Credit-Guarantee-Funds-NCGTC-Income-Tax-taxscn.jpg "Finance Ministry Grants TDS Exemption to Credit Guarantee Funds Managed by NCGTC u/s 10(46B)(i) of Income Tax [Read Notification]")
![Absence of Incriminating Evidence warranting Abatement of Assessment: ITAT deletes Additions on sale of Agricultural Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Sale-of-Agricultural-Land-Income-Tax-Assessment-ITAT-TAXSCAN.jpg "Absence of Incriminating Evidence warranting Abatement of Assessment: ITAT deletes Additions on sale of Agricultural Land [Read Order]")
![AO Fails to Examine Correctness of Asian Paints Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-ITAT-Mumbai-income-tax-income-tax-acts-income-tax-rules.jpg "AO Fails to Examine Correctness of Asian Paints Earning Exempt Income Expenditure Claim: ITAT deletes Disallowance u/s 14 A r.w Rule 8D [Read Order]")
AO fails to Record Dissatisfaction mandated u/s 14A: ITAT allows Expenditure Claim u/s 14A Incurred in relation to Earning Exempt Income [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the claim of expenditure incurred in relation to earning exempt income under Section 14A, as the assessing officer failed to...
![AO fails to Record Dissatisfaction mandated u/s 14A: ITAT allows Expenditure Claim u/s 14A Incurred in relation to Earning Exempt Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/assessing-officer-ITAT-under-section-14-A-Expenditure-Claim-Exempt-Income-taxscan.jpg "AO fails to Record Dissatisfaction mandated u/s 14A: ITAT allows Expenditure Claim u/s 14A Incurred in relation to Earning Exempt Income [Read Order]")
![Union Budget 2023: Income Tax Exemption for Development Authorities [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Union-Budget-2023-Budget-2023-Union-Budget-Income-Tax-Exemption-Income-Tax-Tax-budget-2023-budget-2023-live-taxscan.jpg "Union Budget 2023: Income Tax Exemption for Development Authorities [Read Finance Bill]")
![Union Budget 2023: Major Changes in S. 10 of Income Tax Act for IT Exemptions [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/IT-Exemptions-Income-Tax-Act-Income-Tax-Union-Budget-2023-budget-2023-union-budget-2023-nirmala-sitharaman-budget-nirmala-sitharaman-union-budget-nirmala-sitharaman-taxscan.jpg "Union Budget 2023: Major Changes in S. 10 of Income Tax Act for IT Exemptions [Read Finance Bill]")
CBDT notifies Income Tax Exemption for CPPIB India Private Holdings Inc. on eligible Investment Made in India [Read Notification]
The Central Board of Direct Taxes (CBDT) issued a notification allowing income tax exemption for CPPIB India Private Holdings Inc. under section 10(23FE) of the Income Tax Act, 1961. The CBDT on 17th...
![CBDT notifies Income Tax Exemption for CPPIB India Private Holdings Inc. on eligible Investment Made in India [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/CBDT-Income-Tax-Exemption-CPPIB-India-Private-Holdings-Inc-Investment-Made-in-India-taxscan.jpeg "CBDT notifies Income Tax Exemption for CPPIB India Private Holdings Inc. on eligible Investment Made in India [Read Notification]")
CBEC issues clarification on Service Tax exemption for renting of precincts of a religious place [Read Notification]
In a circular (200/10/2016) dated 6th September 2016, the Central Board of Excise and Customs (CBEC) has clarified the scope of Notification No. 25/2012-Service Tax dated 20.06.2012, SI. No. 5(a). ...
![CBEC issues clarification on Service Tax exemption for renting of precincts of a religious place [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/06/CBEC-Tax-Scan.jpg "CBEC issues clarification on Service Tax exemption for renting of precincts of a religious place [Read Notification]")