Cancellation of registration u/s 12AA of Trust/Institution on violating any other law which was material for the purpose of achieving its objects Section 12AA of the Act prescribes for manner of grating registration in case of trust or institution for the purpose of availing exemption in respect of …

Tax Incentives given to start-ups in Union Budget 2019-20. carried forward and set off of losses, relaxation of conditions of section 54GB Section 79 of the Income Tax Act provides conditions for carry forward and set off of losses in case of a company not being a company …

Payment from NPS Trust on closure of account to be exempt up to 60% of total amount payable at the time of closure or his optingout of the scheme.-Incentives to National Pension System (NPS) subscribers (i) Under the existing provisions of section 10 of the Act, any payment …

Deduction u/s 80EEB for interest on loan taken for purchase of electric vehicle With a view to improve environment and to reduce vehicular pollution, the Union Budget 2019-20 has proposed to insert a new section 80EEB in the Income Tax Act so as to provide for a deduction …

Deduction u/s 80EEA for interest up to 150000 on loan taken for affordable house property  The Union Budget  2019-20 has proposed to insert a new section 80EEA in the Income Tax Act so as to provide a deduction in respect of interest up to one lakh fifty thousand …

Mandating acceptance of payments through prescribed electronic modes In order to move towards a less cash economy to reduce generation and circulation of black money and to promote digital economy, the Union Budget 2019-20 has proposed to insert a new section 269SU in the Income Tax Act. The …