Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Notification No. 36/2024 grants tax exemption to the National Mission for Clean Ganga (NMCG) for specified incomes, including grants-in-aid and interest earned on bank deposits. The exemption is subject to conditions ensuring non-commercial activities, unchanged nature of specified income, and compliance with tax filing requirements. Effective for assessment years 2021-2024.
Notification No. 36/2024 grants tax exemption to the National Mission for Clean Ganga (NMCG) for specified incomes, including grants-in-aid and interest earned on bank deposits. The exemption is subject to conditions ensuring non-commercial activities, unchanged nature of specified income, and compliance with tax filing requirements. Effective for assessment years 2021-2024.
Note: It is a system-generated summary and is for quick reference only.