The Indian government imposes two different sorts of taxes on its citizens: direct tax and indirect tax. Indirect taxes may be transmitted to another party; the Goods and Services Tax is a well-known example (GST). The GST is a direct ...
An Indian post office savings programme for older persons is called Senior Citizen Savings Scheme. You are able to invest a flat sum of up to Rs. 15 lakhs with a 5-year lock-in term. To guarantee that older persons receive consistent i...
Who can invest in SCSS?
The government has established the minimum investing age for p...
What does customs duty mean?
All imported goods and some goods that are exported outsi...
It is imperative to know whether a violation of Section 13(1) or 13(2) would result in the rejection of a partial or full exemption under Sections 11 and 12 which has been debated for a long time with regards to Section 13. This proble...
In DIT (Exemption) v. Charanjiv Charitable Trust[2], the Delhi High Court considered whether the assessee had transacted with one APIL in a manner that breached Sections 13(1)(c)(ii) and 13(3) of the IT Act.
...Similar ground was covered by the High Court of Karnataka in CIT v. Fr. Mullers Charitable Institutions. A charitable trust that managed several institutions was the assessee. Some important notes can be seen here at ...
A. The Income Tax Directorate (Public Relations, Printing Publications, and Official Language):-
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Functions and Organization
A statutory body operating under the Central Board of Revenue Act of 1963 is...