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    Capital Asset transfer in redevelopment: indexed cost applies to the whole property and residential reinvestment deduction allowed.
    Failure to claim deduction in return bars 80JJAA relief; statutory non compliance with filing requirements led to disallowance.
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    Perquisite taxation: employer-paid annuity contributions are not taxable until the employee acquires a vested right to annuity receipts.
    Mechanical approval invalidates reopening of assessment where the approving officer fails to record reasons, so notice and reassessment were quashed.
    Deduction under 80IA: apportion common salary between power and trading by turnover and recompute the deduction.
    Eligibility for deduction under section 80-IAB: co-developer status under SEZ Act qualifies, deduction allowed subject to verification.
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    Export Support intervention INSIGHT launched to provide non financial capacity building, trade intelligence and pilot support with defined funding and...
    Export factoring support enables eligible MSMEs to claim interest subvention under pilot EPM scheme with regulated factors.
    Trade Compliance Support: TRACE provides partial reimbursement for MSMEs' certification and testing costs subject to eligibility and caps.
    Pre-deposit obligation: taxpayer may seek refund of excess recovery after representing payment to GST authorities.
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      A prospective pilot scheme LIFT provides partial reimbursement...

      Logistics support for hinterland exporters: partial freight reimbursement for eligible MSMEs, subject to caps and application procedures.

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      DGFTFebruary 24, 2026Circulars
      A prospective pilot scheme LIFT provides partial reimbursement of freight costs to eligible MSMEs located in specified low-export districts to offset locational logistics disadvantages. Eligibility requires active IEC and Udyam registration, exports of notified products from listed districts, and distance of at least 200 km to ICD/CFS/ACC/sea port; air shipments from Northeastern districts are included. Assistance is uniform across MSME categories, limited to 30% of eligible freight expenditure, with freight value capped at 20% of FOB and a maximum cumulative ceiling of Rs.20 lakh per IEC per financial year. Deemed exports and SEZ shipments are excluded. A two-stage online Intent-to-Claim and Reimbursement Claim process, prescribed documentation, quarterly filing, and direct disbursement to the IEC bank account apply. A Sub-Committee and EPM section will govern implementation and list eligible districts/products.

      Topics

      ActsIncome Tax