Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
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...
Government notification amends the Income-tax Rules, 1962 by inserting rules 3C and 3D to prescribe threshold limits for valuation of certain employment benefits, medical treatment and foreign travel under section 17. For item (c) of sub-clause (iii) of clause (2) of section 17, salary income is fixed at Rs. 4,00,000. For clause (vi) of the proviso to clause (2) of section 17, prescribed gross total income is fixed at Rs. 8,00,000, effective on publication.
Government notification amends the Income-tax Rules, 1962 by inserting rules 3C and 3D to prescribe threshold limits for valuation of certain employment benefits, medical treatment and foreign travel under section 17. For item (c) of sub-clause (iii) of clause (2) of section 17, salary income is fixed at Rs. 4,00,000. For clause (vi) of the proviso to clause (2) of section 17, prescribed gross total income is fixed at Rs. 8,00,000, effective on publication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
