CBDT Notifies Income Tax Exemption To Bhadohi Industrial Development Authority
1 year, 8 months ago

CBDT Notifies Income Tax Exemption To Bhadohi Industrial Development Authority

Live Law  

The Central Board of Direct Taxes has notified income tax exemption to Bhadohi Industrial Development Authority.The Bhadohi Industrial Development Authority is an authority constituted by the state government of Uttar Pradesh.The exemption is granted in respect of money received from the disposal of land or 90-year lease of immovable properties; money received by the way of lease rent. The Central Board of Direct Taxes has notified income tax exemption to Bhadohi Industrial Development Authority. The Bhadohi Industrial Development Authority is an authority constituted by the state government of Uttar Pradesh. The notification shall be effective if the Bhadohi Industrial Development Authority does not engage in any commercial activity.

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History of this topic

UIDAI income exempted from I-T for five years
4 months, 1 week ago

UIDAI income exempted from I-T for five years

Deccan Chronicle  

New Delhi: The finance ministry has exempted the income of Unique Identification Authority of India from payment of income tax for five years till fiscal 2027-28. The UIDAI is a statutory authority established under the provisions of the Aadhaar Act, 2016, to ensure compliance with Aadhaar Act, and make regulations & rules consistent with the Act. Accordingly, grants/subsidies received from …

Direct Tax Cases Monthly Round Up: January 2024
10 months, 2 weeks ago

Direct Tax Cases Monthly Round Up: January 2024

Live Law  

Supreme Court Case Title: Herbicides India Limited verses ACIT While setting aside the Rajasthan High Court orders, the Supreme Court restored the assessee's appeals by condoning the delay in filing the paper-book before High Court and observed that the assessee is entitled to have his appeals heard on merits. Madras High Court Case Title: Anamallais Bus Transports P. Ltd verses …

CBDT Notifies Income Tax Exemption To Chhattisgarh Rajya Beej Pramanikaran Sanstha
1 year ago

CBDT Notifies Income Tax Exemption To Chhattisgarh Rajya Beej Pramanikaran Sanstha

Live Law  

The Central Board of Direct Taxes has notified the income tax exemption to Chhattisgarh Rajya Beej Pramanikaran Sanstha.The Board empowered under section 10 of the Income-tax Act, 1961 has exempted Chhattisgarh Rajya Beej Pramanikaran Sanstha, a body constituted by the State Government of Chhattisgarh from income tax.The income tax exemption is applicable on grants received. The Central Board of Direct …

CBDT Allows Income Tax Exemption To Unique Identification Authority Of India
1 year, 3 months ago

CBDT Allows Income Tax Exemption To Unique Identification Authority Of India

Live Law  

The Central Board of Direct Taxes has granted income tax exemption to the Unique Identification Authority Of India.‘Unique Identification Authority of India’ is a statutory Authority established under the provisions of the AADHAAR Act, 2016 by the Government of India.The CBDT has notified the tax exemption in respect of grants/subsidies received from the Central. The Central Board of Direct Taxes …

CBDT Notifies 'Yamuna Expressway Industrial Development Authority’ For Exemption Under Sec. 10(46)
1 year, 5 months ago

CBDT Notifies 'Yamuna Expressway Industrial Development Authority’ For Exemption Under Sec. 10(46)

Live Law  

The Central Board of Direct Taxes has recently notified the Yamuna Expressway Industrial Development Authority under section 10 of the Income Tax Act, 1961. The authority, constituted by the State Government of Uttar Pradesh, will be eligible for the following specified income exemptions: Grants received from the State Government; Moneys received from the disposal of land, building, and other properties, …

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