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...
A central government notification under section 10(46) of the Income-tax Act grants tax exemption to a state-constituted building and construction workers' welfare board for specified income: registration fees and annual subscriptions from registered workers, proceeds of the statutory cess under the Building and Other Construction Workers Welfare Cess Act, and interest on bank deposits. The exemption is subject to conditions that the board not undertake commercial activities, maintain the same activity and income character across financial years, and file returns as required by clause (g) of section 139(4C). The notification applies to financial years 2025-26 through 2029-30 (assessment years 2026-27 to 2030-31) and is given retrospective effect with certification of no adverse impact.
A central government notification under section 10(46) of the Income-tax Act grants tax exemption to a state-constituted building and construction workers' welfare board for specified income: registration fees and annual subscriptions from registered workers, proceeds of the statutory cess under the Building and Other Construction Workers Welfare Cess Act, and interest on bank deposits. The exemption is subject to conditions that the board not undertake commercial activities, maintain the same activity and income character across financial years, and file returns as required by clause (g) of section 139(4C). The notification applies to financial years 2025-26 through 2029-30 (assessment years 2026-27 to 2030-31) and is given retrospective effect with certification of no adverse impact.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
