Commission expenditure linked to pharmaceutical marketing income qualifies as business deduction when recipient identity, genuineness and business pur...
Country of Origin Certificates and declared transaction value supported preferential customs exemption where authenticity and invoice prices remained ...
The Central Government, u/s 10(46) of the Income-tax Act, 1961, has exempted the Kerala Co-operative Deposit Guarantee Fund Board from specified income tax. The Board must receive contributions from the Government of Kerala and defined societies, and interest on bank deposits. Conditions include no commercial activities, unchanged income nature, and filing returns as per section 139(4C). The exemption applies for assessment years 2019-2024, relevant to financial years 2018-2023. The notification ensures no adverse impact on any individual due to retrospective effect.
The Central Government, u/s 10(46) of the Income-tax Act, 1961, has exempted the Kerala Co-operative Deposit Guarantee Fund Board from specified income tax. The Board must receive contributions from the Government of Kerala and defined societies, and interest on bank deposits. Conditions include no commercial activities, unchanged income nature, and filing returns as per section 139(4C). The exemption applies for assessment years 2019-2024, relevant to financial years 2018-2023. The notification ensures no adverse impact on any individual due to retrospective effect.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4796
Join Channel
TaxTMI 
