Tag: exemption
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Retrospective exemption to the National Savings Scheme
On August 29, 2024, the Ministry of Finance, vide the Department of Economic Affairs, came out with a directive that from October 1, 2024,...
Do I need to repay my home loan to claim a long-term capital gains exemption?
I purchased a flat worth ₹50,00,000 on 15/4/2024, against which I took a home loan. On 15/10/2024, I sold my 10 years of...
What does no income tax up to ₹12 lakh really mean? Decoding differences between tax rebate, deduction & exemption
In the Union Budget 2025, Finance Minister Nirmala Sitharaman mentioned that the ‘nil income tax’ slab would be raised to ₹12 lakh; however,...
Budget wishes: Telcos ask for exemption from service tax on additional AGR dues, custom duty
Telecom operators on Monday sent a slew of requests to the Finance Ministry seeking exemption of service tax on additional adjusted gross revenue (AGR)...
