Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
DGFT has ordered a review of wheat flour and related product export quotas already allocated under earlier public notices, and exporters must submit utilisation certificates, shipping bill details, and any request for additional or surrendered quantity with justification and supporting contracts or purchase orders by 10 July 2026. Requests for additional quantity filed only outside the portal, without the required documents, or after the deadline will be rejected. Allocations with more than 50% utilisation may be considered for further re-allocation, while allocations with less than 50% utilisation may be moved to the common pool unless valid export contracts or purchase orders are produced. Non-submission may lead to reallocation of unutilised quota and restriction on future authorisations.
DGFT has ordered a review of wheat flour and related product export quotas already allocated under earlier public notices, and exporters must submit utilisation certificates, shipping bill details, and any request for additional or surrendered quantity with justification and supporting contracts or purchase orders by 10 July 2026. Requests for additional quantity filed only outside the portal, without the required documents, or after the deadline will be rejected. Allocations with more than 50% utilisation may be considered for further re-allocation, while allocations with less than 50% utilisation may be moved to the common pool unless valid export contracts or purchase orders are produced. Non-submission may lead to reallocation of unutilised quota and restriction on future authorisations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4794
Join Channel
TaxTMI 
