The institutions covered under Section 10(23BBA) of the Income Tax Act or those registered as Society under Societies Registration Act (XXI of 1860) or as a Public Trust under any law for the time being in force of statuary religious bodies constituted under any Act or institutions registered...
For both under construction and affordable housing category the builders would not be able to claim the input tax credit (ITC) which they used to get when the tax slabs of 8 per cent and 12 per cent were applicable. Electronic Voting Machine: It is a voting system that uses electronic ...
Individual tax payers with taxable income of up to Rs 5 lakh will get full tax rebate from now on. Those earning Rs 6.5 lakh will not have to pay tax, if they invested in specified savings such as PF, PPF, etc. However, the tax slabs will remain unchanged. This move will benefit ar...