Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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Finance Bill 2025 provides "unprecedented tax relief" with income tax rebate increased to Rs 12 lakh per annum (Rs 12.75 lakh for salaried class after standard deduction), resulting in Rs 1 lakh crore tax foregone in FY26. Finance Minister confirmed the 13.14% projected growth in personal income tax collection is "realistic" and "based on solid data." The Bill also includes "marginal relief" for taxpayers whose income slightly exceeds Rs 12 lakh. Additionally, the Budget rationalizes customs tariff structure, reducing industrial goods tariff rates from 21 to 8, aiming to boost domestic production and export competitiveness by lowering duties on raw materials and inputs. The government has also restored the March 2008 position on pension fixing as recommended by the Sixth Central Pay Commission.
Finance Bill 2025 provides "unprecedented tax relief" with income tax rebate increased to Rs 12 lakh per annum (Rs 12.75 lakh for salaried class after standard deduction), resulting in Rs 1 lakh crore tax foregone in FY26. Finance Minister confirmed the 13.14% projected growth in personal income tax collection is "realistic" and "based on solid data." The Bill also includes "marginal relief" for taxpayers whose income slightly exceeds Rs 12 lakh. Additionally, the Budget rationalizes customs tariff structure, reducing industrial goods tariff rates from 21 to 8, aiming to boost domestic production and export competitiveness by lowering duties on raw materials and inputs. The government has also restored the March 2008 position on pension fixing as recommended by the Sixth Central Pay Commission.
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