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45. Act not to apply in certain cases.

[No tax shall be levied under this Act in respect of the net wealth of—]

(a) to (e)		[Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.]
(f)		any company registered under section 25 of the Companies Act, 1956 (1 of 1956);
[(g)		any co-operative society;]
[(h)		any social club;]
[(i)		any political party.
		Explanation.—For the purposes of clause (i), "political party" shall have the meaning assigned to it in the Explanation to section 13A of the Income-tax Act;]
[(j)		a Mutual Fund specified under clause (23D) of section 10 of the Income-tax Act;]
[(k)		the Reserve Bank of India incorporated under the Reserve Bank of India Act, 1934 (2 of 1934).]

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Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .