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...
Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.
Income tax relief proposed for salaried individuals and pensioners opting for new tax regime. Standard deduction for salaried employees increased from Rs. 50,000 to Rs. 75,000. Deduction on family pension for pensioners enhanced from Rs. 15,000 to Rs. 25,000. Revised tax rate structure with rebate up to Rs. 7 lakh income. Salaried employee to save up to Rs. 17,500 annually.
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