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...
Tax exemption applies to specified income of the Delhi Pollution Control Committee under Schedule III read with section 11 of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on deposits or investments of surplus funds. The exemption applies for tax years 2026-27 and 2027-28, subject to the committee not undertaking commercial activity, filing its income-tax return as prescribed, and maintaining unchanged activities and income character. Non-compliance results in withdrawal of the exemption and initiation of proceedings under the Act.
Tax exemption applies to specified income of the Delhi Pollution Control Committee under Schedule III read with section 11 of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on deposits or investments of surplus funds. The exemption applies for tax years 2026-27 and 2027-28, subject to the committee not undertaking commercial activity, filing its income-tax return as prescribed, and maintaining unchanged activities and income character. Non-compliance results in withdrawal of the exemption and initiation of proceedings under the Act.
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