Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
CBIC amends the customs tariff-value notification under section 14(2) of the Customs Act, 1962 by substituting revised Tables 1 to 3 for edible oils, brass scrap, gold, silver and areca nuts. The notification keeps the tariff values unchanged for several items, including crude palm oil, palmolein, crude soya bean oil, brass scrap, gold covered by the specified import entries, and areca nuts, while setting tariff values for silver in specified forms at US$ 2,455 per kilogram and maintaining gold at US$ 1,508 per 10 grams for the listed categories. It takes effect from 20 May 2026.
CBIC amends the customs tariff-value notification under section 14(2) of the Customs Act, 1962 by substituting revised Tables 1 to 3 for edible oils, brass scrap, gold, silver and areca nuts. The notification keeps the tariff values unchanged for several items, including crude palm oil, palmolein, crude soya bean oil, brass scrap, gold covered by the specified import entries, and areca nuts, while setting tariff values for silver in specified forms at US$ 2,455 per kilogram and maintaining gold at US$ 1,508 per 10 grams for the listed categories. It takes effect from 20 May 2026.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
