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Pensioners and senior citizens

November 21, 2012 | by admin |

PENSION

Sections 60 of the CPC and section 11 of the Pension Act define pension as a periodic allowance...

Site restoration fund

November 21, 2012 | by admin |

When an assessee operates a business in India that entails the prospecting, extraction, or production of petroleum, natural gas, or both, and for which the Central Government has signed a contract with the assessee for the operation of...

Income tax on corpus donation

November 18, 2012 | by admin |

The Income Tax Act of 1961's regulations relating to corpus donation's taxability has undergone significant revisions as a result of the Finance Act of 2021. We are all aware that a trust is immune from paying income tax on cor...

How an NGO in India is eligible for tax exemption

November 18, 2012 | by admin |

The advantages of NGO registration in India are numerous. The income tax rebate received under Sections 12a and 80g serves as the fundamental rationale. NGOs that have received 12a registration are eligible to apply fo...

Information technology software services

November 17, 2012 | by admin |

"Information technology software" is any representation of instructions, data, sound, or image, including source code and object code, recorded in a machine-readable format, and able to be modified or provide interactive func...

Exemption from service tax

November 17, 2012 | by admin |

If they meet specific requirements, small service providers may qualify for service tax exemptions. A comprehensive list of the services or service providers that qualify for these exemptions is also provided.

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