Need A Financial Product Forums Tax Savings Exemptions in determining local body tax

This topic contains 1 reply, has 2 voices, and was last updated by  Vasant Kumble 2 years, 1 month ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #47320

    Are any deductions or exemptions available for determining the local body tax amount?


    The local body tax provide the provision full or partial exemption in following cases or subjects to prescribed conditions mentioned below: 1) the products or the goods brought under the boundaries of the city bu or on behalf of the state government or central government, belonging to such government and meant for public purpose and not used or even intended for the use of profit making. 2) Goods and product exported out of India. 3) Products an goods rejected by the purchaser, within six month of the export of the product from the local area. 4) Products and goods received for job works.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.