Jammu and Kashmir government on Saturday granted 10 days extension on the exemption of levy of entry and toll taxes on import of material for relief and rehabilitation of the flood-affected people of the state.
The Election Commission has sought withdrawal of tax exemption benefits to ten political parties from the CBDT on the grounds that they failed to submit their mandatory expenditure contribution reports on time to the poll body.
Observing that there was `malafide
intention` in granting entertainment tax exemption to Micheal Jackson show, the Bombay High Court on Wednesday directed Maharashtra government to reconsider the application for exemption.
Trade union leaders in the pre-Budget consultation with Finance Minister Pranab Mukherjee on Thursday demanded reigning in prices of essential items and increasing exemption limit on income tax to 2 lakhs.