Budget: Exempt entities like non-profits face hurdles due to TCS on transactions. Govt can notify exemptions/lower TCS rates for them. Effective Oct '...
Budget: Amendments clarify penalties for inaccurate info/non-compliance with due diligence under AEoI. Rs. 50K fine for errors/failures. Defense allow...
Sub-section (1) in Section 7 amended to exempt Extra Neutral Alcohol used for manufacturing alcoholic liquor for human consumption from Union Territory tax. Section 8A inserted to regularize non-levy or short levy of Union Territory tax resulting from general practice, empowering Government in this regard.
Sub-section (1) in Section 7 amended to exempt Extra Neutral Alcohol used for manufacturing alcoholic liquor for human consumption from Union Territory tax. Section 8A inserted to regularize non-levy or short levy of Union Territory tax resulting from general practice, empowering Government in this regard.
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