Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
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.
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