Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
An institution is approved under section 35(1)(ii) of the Income-tax Act, 1961, read with rules 5C and 5E of the Income-tax Rules, 1962, as a "university, college or other institution" for "scientific research" for the purposes of section 35(1)(ii). This approval takes effect from the date of publication in the Official Gazette and applies for Assessment Years 2026-27 to 2030-31, enabling sums paid to the approved institution for scientific research to be considered for deduction under section 35(1)(ii), subject to the Act and applicable rules.
An institution is approved under section 35(1)(ii) of the Income-tax Act, 1961, read with rules 5C and 5E of the Income-tax Rules, 1962, as a "university, college or other institution" for "scientific research" for the purposes of section 35(1)(ii). This approval takes effect from the date of publication in the Official Gazette and applies for Assessment Years 2026-27 to 2030-31, enabling sums paid to the approved institution for scientific research to be considered for deduction under section 35(1)(ii), subject to the Act and applicable rules.
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