![Income Tax Exemption Claimed by Public Charitable Trust should not be denied merely on Bar of limitation: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CBDT-Income-tax-Income-tax-exemption-Income-Tax-Exemption-to-3-Organisations-Section-1046-Income-tax-act-taxscan.jpg "Income Tax Exemption Claimed by Public Charitable Trust should not be denied merely on Bar of limitation: Kerala HC [Read Order]")
Income Tax Exemption Claimed by Public Charitable Trust should not be denied merely on Bar of limitation: Kerala HC [Read Order]
The Kerala High Court has held that income tax exemption claimed by public charitable trusts should not be denied merely on the bar of limitations....
![Transfer of Assets of firm to Rural Area: ITAT allows Income Tax Exemptions u/s 54 G to assessee having Rs.1.22 crore Investment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-Income-Tax-Exemptions-Tax-Exemptions-Section-54-of-the-Income-Tax-Act-ITAT-rajkot-taxscan.jpg "Transfer of Assets of firm to Rural Area: ITAT allows Income Tax Exemptions u/s 54 G to assessee having Rs.1.22 crore Investment [Read Order]")
![Government notifies Income Tax Exemption for UIDAI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/08/UIDAI-Income-Tax-Income-Tax-Exemption-Government-notifies-Tax-Exemption-Income-Tax-Exemption-for-UIDAI-taxscan.jpg "Government notifies Income Tax Exemption for UIDAI [Read Notification]")
![Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/loans-noida-New-Okhla-Industrial-Development-Authority-delhi-hc-delhi-hc-news-delhi-high-court-delhi-high-court-news-income-tax-income-tax-news-tax-exemption-tax-news-tax-scan.jpg "Loans by NOIDA not Commercial Activity: Delhi HC allows Income Tax Exemption u/s 10(46) [Read Order]")
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...
![Employees cannot Claim Income Tax Exemption in Absence of Govt Notification fixing Income Limit for Encashment of Earned Leave Salary: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Employees-Claim-Income-Tax-Exemption-Govt-Notification-fixing-Income-Encashment-Earned-Leave-Salary-Kerala-HC-taxscan.jpg "Employees cannot Claim Income Tax Exemption in Absence of Govt Notification fixing Income Limit for Encashment of Earned Leave Salary: Kerala HC [Read Order]")
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...
![CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/04/CBDT-Income-Tax-Exemption-Amul-Research-and-Development-Association-Amul-Taxscan.jpg "CBDT grants Income Tax Exemption to Amul Research and Development Association in Gujarat u/s 35(1)(ii) [Read 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...
Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]
In a major relief to the Indian Chamber of Commerce ( ICC ), the Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) granted income tax exemption on receipts from seminars and conferences. ...
![Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ICC-Indian-Chamber-of-Commerce-ITAT-Income-Tax-Exemption-ITAT-Kolkata-ITAT-decision-on-ICC-TAXSCAN.jpg "Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]")