The petitioner Metropolitan Transport Corporation Limited is a Government of Tamil Nadu operating the business of providing passenger transportation services. As per the Goods and Services Tax Laws, this primary business activity of the petitioner falls under the exempted category. The petitioner furnished a copy of the challan on 12-02-2024 proofing the payment of application fees of Rs.5,000/- each under sub-rule (1) of Rule 104 of CGST Rules 2017 and SGST Rules 2017. The online application form for advance ruling on 12-02-2024 was physically received on 22-02-2024 as mandated under…
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Know the tax rules applicable to your ELSS investments
[ad_1] Hands down, ELSS is one of the best tax-saving options available to young investors, given its transparency, low-cost nature and ease of investment. At Finbingo, we believe that knowledge is power. As a knowledgeable investor, we want to empower you with the proper knowledge to make better decisions with your money. In this post, you will learn about the tax rules on ELSS and also learn some useful tips to maximize the benefits of investing in ELSS. Taxation Step #1: On Investing: There is no limit on the amount…