Employer status: statutory bodies recognised as employers for tax-exemption eligibility under amended provision, effective prospectively. The amendment adds a new qualifying item treating an assessee's employer that is an authority, board, corporation or other body established or constituted ... Summary
Employer status: statutory bodies recognised as employers for tax-exemption eligibility under amended provision, effective prospectively.
The amendment adds a new qualifying item treating an assessee's employer that is an authority, board, corporation or other body established or constituted under a Central or State Act as a specified employer for purposes of the relevant tax provision, thereby expanding the class of entities whose employer status confers eligibility under that provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.