« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately «  Tax and legal due diligence of target company is key... LTU scheme will reduce harassment... » Adopt a zoo animal, get tax relief October, 09th 2006 You can now adopt a lion or tiger in the Nehru Zoological Park here and get an income tax exemption. Though the zoo authorities have been making a request to organisations, business houses and individuals to adopt animals kept there, the response has been largely lukewarm. And, those who came backed out because they would get no tax exemption. That is likely to change now. "We have been issued a PAN number from the income tax department and will soon seek tax exemption for those who adopt animals in the zoo,"Nehru Zoological Park director P Bhaskar Reddy told TOI here on Saturday. The Nehru Zoological Park in the city, the Indira Gandhi Zoological Park in Visakhapatnam and Sri Venkateshwara Zoological Park in Tirupati all function under the aegis of the Zoo Authority of Andhra Pradesh, an independent authority. According to Bhaskar Reddy, a number of people and business houses had come forward to adopt animals but since there was no tax exemption offered, they did not show much interest. He said since the society has got a PAN number in September, it was now applying to the IT authorities to recognise it as a non-profitable institution. Subsequently, the accounts will be audited and a formal application for tax exemption made. As of now only the students of Bharatiya Vidya Bhavan, Jubilee hills have adopted the lion-tailed macaque and have been regularly paying for its maintenance. Zoo authorities have also worked out how much an 'adoption' could cost interested candidates. Adopting a lion or a tiger could cost Rs 1 lakh per year, Rs 10,000 for a crocodile, Rs 50,000 for a chimpanzee or Rs 10,000 for five peacocks and other birds.