Concessional corporate tax option under section 115BAA survives procedural documentary lapses when statutory compliance and earlier exercise are estab...
Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
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.
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