Budget 2019 Expectations: Govt may Double Income Tax Threshold Limit
In a major relief to taxpayers, the Central Government may take a major decision in the upcoming interim budget to increase the exemption limit for...
![Houseboat purchased for using as Residential House not eligible for Capital Gain Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/House-Boat-ITAT-Taxscan.jpg "Houseboat purchased for using as Residential House not eligible for Capital Gain Exemption: ITAT [Read Order]")
![American School of Bombay eligible for Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/12/American-School-Taxscan.jpg "American School of Bombay eligible for Income Tax Exemption: ITAT [Read Order]")
![No Income Tax Exemption to Urban Improvement Trusts: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/10/Urban-Improvement-Trusts-Taxscan.jpg "No Income Tax Exemption to Urban Improvement Trusts: Supreme Court [Read Judgment]")
![Income Tax Exemption to MIDC for payment on Land Lease Receipts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Tax-Exemptions-Tax-Scan.jpg "Income Tax Exemption to MIDC for payment on Land Lease Receipts: ITAT [Read Order]")
![CBDT Notifies Income Tax Exemption to Press Trust of India [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/09/PTI-Press-Trust-of-India-Taxscan.jpg "CBDT Notifies Income Tax Exemption to Press Trust of India [Read Notification]")
![Central Government Grants Income Tax Exemption to Three Foreign Companies [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/05/Foreign-Companies-ADNOC-Taxscan.jpg "Central Government Grants Income Tax Exemption to Three Foreign Companies [Read Notification]")
Society running several Educational Institutions should show Annual Receipts of Each Institutions Separately for Tax Exemption: J&K HC [Read Judgment]
While hearing the case of Vivekanand Society of Education and Research, High Court of Jammu and Kashmir recently held that if a charitable society is running several educational institutions, total...
![Society running several Educational Institutions should show Annual Receipts of Each Institutions Separately for Tax Exemption: J&K HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Educational-Institution.jpg "Society running several Educational Institutions should show Annual Receipts of Each Institutions Separately for Tax Exemption: J&K HC [Read Judgment]")
Central Government Notifies Income Tax Exemption to SEEPZ Special Economic Zone Authority [Read Notification]
The Central Government, on 22nd December 2017, notified that the receipts received by the SEEPZ Special Economic Zone Authority which is constituted under the Special Economic Zone Act, 2005. is...
![Central Government Notifies Income Tax Exemption to SEEPZ Special Economic Zone Authority [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/12/SEEPZ-Taxscan.jpg "Central Government Notifies Income Tax Exemption to SEEPZ Special Economic Zone Authority [Read Notification]")
Govt Notifies Income Tax Exemption to Telangana Building and Other Construction Workers Welfare Board [Read Notification]
The Central Government, on Thursday, notified that the receipts received by the Telangana Building & Other Construction Workers Welfare Board is exempt from Income Tax under section 10(46) of the...
![Govt Notifies Income Tax Exemption to Telangana Building and Other Construction Workers Welfare Board [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/10/Form-26AS-CBDT-Taxscan.jpg "Govt Notifies Income Tax Exemption to Telangana Building and Other Construction Workers Welfare Board [Read Notification]")
Activity of Publishing Newspapers and Periodicals cannot be treated as ‘Charitable Purpose’: Bombay HC [Read Judgment]
A division bench of the Bombay High Court in Trustee of Saurashtra Trust v. DIT (E) denied Income Tax exemption to a Trust publishing newspapers and periodicals disclaiming that it is a ‘charitable...
![Activity of Publishing Newspapers and Periodicals cannot be treated as ‘Charitable Purpose’: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/08/Newspaper-and-Periodicals.jpg "Activity of Publishing Newspapers and Periodicals cannot be treated as ‘Charitable Purpose’: Bombay HC [Read Judgment]")