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Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Sub-section (7) of section 11 is proposed to be amended to include reference of clauses (23EA), (23ED), and (46B) of section 10, enabling trusts under the second regime to claim exemption under these specific clauses. The amendment aims to rationalize provisions for charitable trusts and institutions by allowing them to choose provisions for claiming exemptions, making registration u/s 12AB operative or inoperative accordingly. The amendment will take effect from April 1, 2025.
Sub-section (7) of section 11 is proposed to be amended to include reference of clauses (23EA), (23ED), and (46B) of section 10, enabling trusts under the second regime to claim exemption under these specific clauses. The amendment aims to rationalize provisions for charitable trusts and institutions by allowing them to choose provisions for claiming exemptions, making registration u/s 12AB operative or inoperative accordingly. The amendment will take effect from April 1, 2025.
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