Judgement

HC applies the “purpose test” to hold sales tax incentives for industries in backward areas as capital receipts, not taxable as revenue income

Victory for Bajaj Auto & Reliance: Bombay HC Rules Sales Tax Incentives for New Units in Backward Areas Are Capital Receipts, Not Taxable

Notifications

The Central Board of Direct Taxes (CBDT) has notified the Tax incentives for IFSC (International Financial Services Centres) via issuing a Notification.

CBDT notifies Tax incentives for IFSC [Read Notification]

News

The Minister of State of Finance has stated that No recommendation from GST Council to provide Tax Incentives or Waivers for MSMEs on group Health Insurance Premiums.

No recommendation from GST Council to provide Tax Incentive for MSMEs on group Health Insurance Premiums

Articles

The Union Budget 2024 was presented on 23rd July by FM Nirmala Sitharaman. FM has approved many proposed changes in the area of GST and Income Tax and some other changes.

Budget 2024: Tax Incentives to IFSC to Promote Investment and Employment

Budget 2022: Day Traders, Jobbers, and Market Makers Deserve Substantial Tax Incentives

Budget 2022: Tax Incentives for Co-ops AMT to be cut to 15%

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