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...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Registration of Trust - For removing difficulty in earlier provision of registration, it has been proposed to amend the provision of registration to allow for direct final registration/approval - in case registration 'before commencement of activities' shall make application for provisional approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be and in case 'activities already commenced' shall make application for regular approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be to PCIT/CIT.
Registration of Trust - For removing difficulty in earlier provision of registration, it has been proposed to amend the provision of registration to allow for direct final registration/approval - in case registration 'before commencement of activities' shall make application for provisional approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be and in case 'activities already commenced' shall make application for regular approval u/s10(23C) or 12A(1)(ac)(vi) or 80G as the case may be to PCIT/CIT.
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