Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Jurisdictional facts in certificate-of-origin discrepancies can support customs show-cause proceedings, leaving factual explanations for departmental ...
Specified income of the Kerala Headload Workers Welfare Board,...
Specified welfare-board income receives conditional tax exemption where activities remain non-commercial and prescribed return-filing requirements are met.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Specified income of the Kerala Headload Workers Welfare Board, Kochi, is exempt for tax years 2026-27 to 2028-29 under Schedule III read with section 11 of the Income-tax Act, 2025. The exemption covers government grants and loans, statutory levies, registration fees, employer deposits, member contributions, interest on staff and worker loans, wages received from employers, and interest earned on those receipts. The Board must not undertake commercial activity, must file its income-tax return as prescribed, and must maintain unchanged activities and income nature. Non-compliance results in withdrawal of the exemption and proceedings under the Act.
Specified income of the Kerala Headload Workers Welfare Board, Kochi, is exempt for tax years 2026-27 to 2028-29 under Schedule III read with section 11 of the Income-tax Act, 2025. The exemption covers government grants and loans, statutory levies, registration fees, employer deposits, member contributions, interest on staff and worker loans, wages received from employers, and interest earned on those receipts. The Board must not undertake commercial activity, must file its income-tax return as prescribed, and must maintain unchanged activities and income nature. Non-compliance results in withdrawal of the exemption and proceedings under the Act.
Note: It is a system-generated summary and is for quick reference only.