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Income Tax Exemption

CBDT Grants Income Tax Exemption for Commissioners of Rabindra Setu, Kolkata u/s 10(46) [Read Notification]

The Central Board of Direct Taxes (CBDT) under the Ministry of Finance issued Notification No. 4/2025, dated January 3, 2025, granting a tax...

How the Government Grants Income Tax Exemptions to Certain Institutions: Key Criteria and Guidelines

Income Tax Exemption Claimed by Public Charitable Trust should not be denied merely on Bar of...

Transfer of Assets of firm to Rural Area: ITAT allows Income Tax Exemptions u/s 54 G to assessee...

Government notifies Income Tax Exemption for UIDAI [Read Notification]

CBDT notifies Income Tax Exemption to 3 Organisations u/s 10(46) [Read Notification]

The CBDT ( Central Board of Direct Taxes ) has notified the Income Tax exemptions to 3 organisations under Section 10(46) of the Income tax act, 1961. It has exempted Punjab Skill Development Mission...

CBDT - Income tax - Income tax exemption - Income Tax Exemption to 3 Organisations - Section 10(46) Income tax act - taxscan

Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]

The Delhi High Court has ruled that the loans and advances given by the New Okhla Industrial Development Authority (NOIDA) are not commercial activities and are therefore eligible for exemption under...

Employees cannot Claim Income Tax Exemption in Absence of Govt Notification fixing Income Limit for Encashment of Earned Leave Salary: Kerala HC [Read Order]

The Kerala High Court has held that the employees cannot claim income tax exemption in the absence of government notification fixing the limit of income for earned leave salary. Balan Panicker...

Unlimited Funding and 100% Income Tax Exemption: Know Political Parties’ Tax Contribution to India

Indeed, political parties have been receiving Unlimited funds, a term that implies ‘boundless’. The introduction of Electoral bonds six years ago facilitated this influx of "unlimited funds" into...

CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]

The Central Board of Direct Taxes has notified the income tax exemption to Amul Research and Development Association in Gujarat under section 35(1)(ii) of Income Tax Act, 1961. This vid Notification...

Income Tax Exemption for Salaried Employees: All You Need to Know about Leave Travel Allowance (LTA)

Leave Travel Allowance (LTA), also referred to as Leave Travel Concession (LTC), is a tax exemption offered to employed individuals for travel expenses within India. It constitutes a component of the...

Central Govt grants Income Tax Exemption to Boost Dairy Cooperative Societies

In a significant move aimed at supporting the dairy sector, the Government has introduced a series of measures granting income tax exemptions and reductions for Cooperative Societies under the Income...

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