CBDT issues clarification

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CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

By Parveen Kumar on September 10, 2021 • ( Leave a comment )

DELHI, SEPTEMBER 10: Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide that in case of an amalgamation of a public sector company (PSU) which ceases to be a PSU (erstwhile public sector company), as part of strategic disinvestment, with one […]

CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

By Parveen Kumar on August 23, 2019 • ( Leave a comment )

open view news desk The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961(the ‘Act’), which provides deduction for 100 […]