Withdrawal Of Tax Exemption
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
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Tax Tribunal Withdraws Exemption To Congress-Controlled Young Indian
The Income Tax Appellate Tribunal (ITAT) has ruled that the withdrawal of income tax exemption to Young Indian, an entity controlled by Congress president Sonia Gandhi, her family and others, by the tax department is correct and it cannot be called a charitable organisation.
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Public Provident Fund (PPF) Accounts To Offer More Benefits: 10 Points
PPF or public provident fund is one the most popular saving schemes. Apart from higher interest rates compared to bank deposits, PPF also offers a host of income tax benefits. In terms of income tax implications,PPF enjoys an EEE - exempt, exempt, exempt - status. This means the contribution, interest and maturity proceeds are all tax-free. PPF con...
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NPS: New Income Tax Benefits, Withdrawal Rules And Other Details
An employee contributing to the NPS is allowed an exemption in respect of 40 per cent of the total amount payable to him or her on closure of account or on opting out. This exemption will now be available to non-employee subscribers.
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Latest NPS Partial Withdrawal Rules Explained In 10 Points
Partial withdrawal of 25 per cent of the contribution made by a subscriber has been exempted from income tax, according to Budget 2017-18.
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PF Withdrawal After You Quit Job: Important Income Tax Ruling You Need To Know
Accumulated balance of an EPF (Employee Provident Fund) account only up to the date of leaving employment will be exempt from income tax, says a tax expert.
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PPF Partial Withdrawal, Loan Facility And Other Rules In 10 Points
PPF enjoys EEE or exempt, exempt, exempt status in terms of income tax implications - contribution, interest and maturity proceeds all are tax free.
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'Withdrawl of Tax Exemption to Negatively Impact Innovation'
Withdrawal of tax exemption for research and development is likely to negatively impact India's innovation efforts, pharma major Dr Reddy's Laboratories said today.
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Election Commission seeks cancellation of tax benefits to ten political parties
The Election Commission (EC) has sought withdrawal of tax exemption benefits to ten political parties from the Central Board of Direct Taxes (CBDT) on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.
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Budget 2021: Phones May Get Costlier as Exemptions Revoked, Analysts Say It's a 'Short-Term' Issue
In the Budget 2021 speech, Finance Minister Nirmala Sitharaman announced mobile phone parts like the Printed Circuit Board Assembly (PCBA), Camera Module, and Connectors will see a withdrawal of exemption from custom duty and a moderate 2.5 percent tax will be levied, instead of the ‘nil’ rate offered earlier. Similarly, parts and sub-parts for...
-
Tax Tribunal Withdraws Exemption To Congress-Controlled Young Indian
The Income Tax Appellate Tribunal (ITAT) has ruled that the withdrawal of income tax exemption to Young Indian, an entity controlled by Congress president Sonia Gandhi, her family and others, by the tax department is correct and it cannot be called a charitable organisation.
-
Public Provident Fund (PPF) Accounts To Offer More Benefits: 10 Points
PPF or public provident fund is one the most popular saving schemes. Apart from higher interest rates compared to bank deposits, PPF also offers a host of income tax benefits. In terms of income tax implications,PPF enjoys an EEE - exempt, exempt, exempt - status. This means the contribution, interest and maturity proceeds are all tax-free. PPF con...
-
NPS: New Income Tax Benefits, Withdrawal Rules And Other Details
An employee contributing to the NPS is allowed an exemption in respect of 40 per cent of the total amount payable to him or her on closure of account or on opting out. This exemption will now be available to non-employee subscribers.
-
Latest NPS Partial Withdrawal Rules Explained In 10 Points
Partial withdrawal of 25 per cent of the contribution made by a subscriber has been exempted from income tax, according to Budget 2017-18.
-
PF Withdrawal After You Quit Job: Important Income Tax Ruling You Need To Know
Accumulated balance of an EPF (Employee Provident Fund) account only up to the date of leaving employment will be exempt from income tax, says a tax expert.
-
PPF Partial Withdrawal, Loan Facility And Other Rules In 10 Points
PPF enjoys EEE or exempt, exempt, exempt status in terms of income tax implications - contribution, interest and maturity proceeds all are tax free.
-
'Withdrawl of Tax Exemption to Negatively Impact Innovation'
Withdrawal of tax exemption for research and development is likely to negatively impact India's innovation efforts, pharma major Dr Reddy's Laboratories said today.
-
Election Commission seeks cancellation of tax benefits to ten political parties
The Election Commission (EC) has sought withdrawal of tax exemption benefits to ten political parties from the Central Board of Direct Taxes (CBDT) on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.
