In a significant judgment, the Delhi High Court reaffirmed the principle that deployment of funds by a charitable organization in a wholly owned subsidiary for regulatory compliance, and not with the intention to earn income, does not amount to an …
In a significant judgment, the High Court of Jammu and Kashmir and Ladakh has ruled that the income tax exemption under Section 10(26) of the Income Tax Act, 1961 is not automatic and must be backed by credible proof. The court emphasized …
Parents or guardians can open an Sukanya Samriddhi Account for their girl child from birth until she turns 10 years old, at any designated post offices or commercial bank branches. The Sukanya Samriddhi Yojana (SSY) is a flagship government initiative …
Income Tax Exemption Deadline for Three Crucial Sectors Extended up-to 31 March 2025 I-T Exemption Extended in 3 Crucial Areas: In the latest budget announcement for 2024, the Indian government has chosen to maintain existing tax rates while extending income …