WebApr 11, 2024 · The Authority Bench of K. Ravi Sankar, (Commissioner of State Tax Member) and RV Pradhamesh Bhanu, (Joint Commissioner of Central Tax) observed that first and foremost condition of taxability was that the commodity should have been a pre-packed commodity which meant that the commodity was not packed for any specific known … WebThe “beneficial interest” or “interest” of the beneficiary is his right against the trustee as owner of the trust-property; and to instrument, if all, by which one trust is declared is called the “hardware of trust” Chapter II deals with Creations …
Capital Gains Exemption on Sale of Agricultural Land - Tax2win ...
WebMar 15, 2024 · Gratuity is the amount employees receive as a part of their gross compensation from their employer. It’s regulated under the Payment of Gratuity Act, 1972, … WebMar 7, 2024 · In our opinion, any income earned by approved gratuity fund is exempt under Income Tax Act, as the gratuity fund is represented by trustees. The same thing is there in … thermoskan colruyt
Interest on gratuity [Resolved] Income Tax - CAclubindia
WebJun 27, 2024 · The Tax Appeal Tribunal has on the 20th day of June, 2024 ruled that gratuity is not liable to personal income tax. This decision by the tribunal was made in the case … WebFeb 9, 2024 · For Non-Govt employees / other employees, the exemption amount depends on whether the employee is covered under the Payment of Gratuity Act 1972 or not. Tax on … WebJun 6, 2024 · The taxability of commuted pension varies depending on your job category - government or non-government employee. The taxability for commuted pension works as below: Government Employee. Non-Government Employee. For a government employee, the commuted pension is 100% tax exempted. You do not have to pay any tax. tpl leanworx