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BLANKET EXEMPTION
Supreme Court rejects plea challenging Income Tax break to STs in North EastThe Supreme Court has declined to hear a petition questioning the income tax exemption for Scheduled Tribes in certain north-eastern states...- UK Prime Minister Starmer plans social media ban for under-16sBritish Prime Minister Keir Starmer announced plans to ban social media for children under 16, alongside restrictions on gaming and livestr...
- Consumers who gave up subsidy can use Non-DCR equipment to install rooftop solar at homesResidential consumers can now use non-DCR solar modules for rooftop installations under the PM Surya Ghar scheme. This applies to those who...
- Solar module cos flag cell shortage; makers say demand can be met this yearSolar module makers face challenges with local cell sourcing rules. They report a significant gap between module manufacturing capacity and...
- SBI, PNB, other PSU bank stocks tumble up to 21% from record highs. Time to buy or wait?Public sector bank stocks have seen a significant drop from their recent peaks. The Reserve Bank of India has introduced measures to attrac...
- Supreme Court questions Waqf institution's plea for court fees exemption in tribunalsThe Supreme Court questioned the legal foundation for Waqf institutions to be exempt from paying court fees. This came up during a hearing ...
- Government rules out blanket ALMM List-II extension beyond June 1; case-by-case relief for solar projectsThe Ministry of New and Renewable Energy will not extend the ALMM List-II deadline past June 1, 2026. Projects commissioned after this date...
- Delayed solar projects may get limited relief ahead of June 1 sourcing deadlineThe government is currently considering measures to ease the burden on solar initiatives delayed by unforeseen circumstances. While a total...
- India buying Russian oil irrespective of US sanctions waivers, Indian official saysIndia has consistently purchased Russian oil, irrespective of U.S. sanctions waivers, according to a petroleum ministry official. The decis...
- Uber's India data centre bet; Cyber cover meets AI riskUber will establish its first data centre in India with the Adani Group. This and more in today’s ETtech Top 5.
- SC likely to hear petitions challenging sections of India’s first privacy law this monthThe petitioners are the Reporters' Collective, the Editors Guild of India, the National Campaign for People's Right to Information, Mazdoor...
- As US reboots psychedelics from counterculture to R&D, Indian pharma must take the leadThe United States is accelerating research into psychedelic drugs for mental illness. This shift prompts India to re-evaluate its own drug ...
- Shipping data shows China trimming fuel exports, not haltingChina is reducing refined fuel exports, not banning them. Shipments to countries like Malaysia and Australia continue. April export cuts ar...
- Meal vouchers at Rs 200 per meal: Who gets income tax benefit and how the ‘working hours’ rule appliesThe increase in the tax-exempt limit for employer-provided meals to ₹200 per meal under Rule 15 of the Income-Tax Rules, 2026 marks a signi...
- SC permits persons with disabilities to apply for opting IPS, DANIPS & IRPFSA bench of Justices A M Khanwilkar and A S Oka was informed by Attorney General K K Venugopal that the government wants time for filing cou...
- Blanket exemption of late fee unfair to those who filed returns within due date: CBICThe Central Board of Indirect Taxes and Customs (CBIC), in a series of tweets, said it had been explicitly clarified to stakeholders that t...
- Still no land for angels, feel startupsThe lack of clarification from DPIIT and CBDT are likely to raise more questions from startup ecosystem, which has been vocal in its opposi...
- Privacy Bill: Government mum on intelligence agencies demand for blanket exemptionIntelligence agencies have reportedly sought a blanket exemption from the ambit of the Right to Privacy Bill, 2014.
- Intelligence agencies demand 'blanket exemption' from Right to Privacy BillThe draft bill exempts security and intelligence agencies from the bill’s ambit if the agencies can prove that their actions of compromisin...
- 'Give blanket service tax exemption to exporters'It is an ideal feature of any good taxation system that in export transactions only goods or services should be exported and not the taxes ...
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