Tiger Global 2026 SC Ruling Explained: DTAA, GAAR, TRC
Supreme Court Tiger Global ruling decoded. Learn how GAAR, TRC, and India–Mauritius DTAA apply to indirect transfers, PE/VC exits, and M&A deals.
Tag: Exemptions
Exempt Income, Set-off, Loss Carry Forward in Draft I-Tax Rules 2026: Analysis
Draft Income Tax Rules 2026 rationalise exempt income computation, loss set-off and carry forward provisions. Explained with rule references for corporate tax planning.
Finance Bill 2026: Tax Exemption for Land Acquisition Compensation Clarified
Clause 108 of Finance Bill 2026 amends Schedule III of the Income-tax Act, 2025 to expressly exempt income from compulsory land acquisition under the RFCTLARR Act, 2013.
Finance Bill 2026: Tax Exemption on Interest from Motor Accident Compensation
Clause 108 of Finance Bill 2026 exempts interest awarded on motor accident compensation under the Motor Vehicles Act, 1988 from income tax.
Finance Bill 2026: Income-tax Exemption for Disability Pension of Armed Forces
Clause 108 of Finance Bill 2026 provides statutory income-tax exemption for disability pension of armed forces and paramilitary personnel invalided out of service due to disability.
Finance Bill 2026: Schedule IV Tax Exemptions for Non-Residents/Foreign Companies
Clause 109 of Finance Bill 2026 amends Schedule IV to exempt specified income of foreign companies and non-resident individuals, including contract manufacturing, notified schemes and data centre services.
Finance Bill 2026: Sovereign Gold Bond Capital Gains Exemption Clarified
Clause 35 of Finance Bill 2026 clarifies capital gains exemption on Sovereign Gold Bonds, restricting it to original individual subscribers holding bonds till maturity.
ITAT: Delay in Form 10B Filing Does Not Bar Section 11 Exemption
Ahmedabad ITAT holds that belated filing of Form 10B is a procedural lapse and directs AO to allow Section 11 exemption if audit report is on record.
No GST Exemption for O&M Services to Municipalities: WB AAR
WB AAR rules that O&M services of municipal machinery are taxable under GST and not exempt under Entry 3 or 3A of Notification 12/2017-CT (Rate).
Online 12A NGO Tax Exemption Registration India: A Step-by-Step Guide
Learn the essential process for Online 12A Registration in India. This guide details steps via the Income Tax portal for NGOs seeking tax exemption under Section 12A.