Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
The Central Board of Direct Taxes issued Notification No. 68/2025 granting income tax exemption to Food Safety and Standards Authority of India under section 10(46A)(b) of the Income Tax Act, 1961. The Authority, constituted under the Food Safety and Standards Act, 2006, receives exemption from specified income effective assessment year 2026-2027. The exemption remains conditional upon the Authority maintaining its statutory status under the Food Safety and Standards Act, 2006 and fulfilling purposes specified in section 10(46A)(a) of the IT Act. This notification enables the regulatory body to claim tax exemption on qualifying income streams pursuant to its statutory functions and objectives.
The Central Board of Direct Taxes issued Notification No. 68/2025 granting income tax exemption to Food Safety and Standards Authority of India under section 10(46A)(b) of the Income Tax Act, 1961. The Authority, constituted under the Food Safety and Standards Act, 2006, receives exemption from specified income effective assessment year 2026-2027. The exemption remains conditional upon the Authority maintaining its statutory status under the Food Safety and Standards Act, 2006 and fulfilling purposes specified in section 10(46A)(a) of the IT Act. This notification enables the regulatory body to claim tax exemption on qualifying income streams pursuant to its statutory functions and objectives.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
