Tax Exemption News

The Mumbai ITAT has ruled that two flats in the same building can be considered a single residential house for the purpose of Section 54F income tax exemption,

The Trump administration is proposing a new rule that would revoke the tax-exempt status of private schools and colleges that offer targeted assistance to stude

The ITAT Chennai has ruled that retirees can retroactively claim an increased leave encashment tax exemption from ₹3 lakh to ₹25 lakh, benefiting those who reti

The Telangana High Court has clarified that builder delays beyond a taxpayer's control will not negate the Section 54F capital gains tax exemption, provided the

The ITAT Ahmedabad has ruled that foreign salary earned by Non-Resident Indians (NRIs) outside India is not taxable merely because it is credited to an NRE acco

A legal battle has erupted in India over whether same-sex couples should receive the same income tax exemption on gifts as legally married couples, sparked by a

The government has listed a Bill in Parliament to replace an Ordinance that previously exempted Foreign Institutional Investors (FIIs) and the Bank of Internati

The Income Tax Appellate Tribunal (ITAT) has granted full tax exemption on a ₹39.96 lakh VRS payout to a retired BSNL employee, ruling it as retrenchment compen

The Income Tax Department is opposing a plea by a same-sex couple for tax exemption on gifts, arguing in the Bombay High Court that Section 56(2)(x) exemption a