Income Tax - Learn the eligibility criteria and step-by-step process for registering a charitable trust in India. Discover the significance, advantages, and FAQs related to trust registration....
Income Tax - Comprehensively assess trusts for A.Y 2022-2023, A.Y 2023-2024 and A.Y 2024-2025 by discussing key provisions, changes, and implications of Sec 115 UA of Income Tax Act 1961...
Income Tax - Analyzing the complexities of non-profit sectors globally, this guide on Assessment of Charitable and Religious Trusts and Institutions is key to understanding taxability of income & conditions for claiming exemptions. CBDT circulars & annexures included....
Income Tax - Learn how to register a society (NGO) in Haryana under the Societies Registration Act, 1860. Explore the process, documents, and annual return requirements for legal compliance....
Income Tax - Explore the implications of Income Tax Act's Section 115TD(3) introduced by the Finance Act 2022 on charitable trusts. Learn about cancellation risks, tax liabilities, and potential challenges....
Income Tax - Explore the ambiguity of Trust provisions under the Income Tax Act highlighted by Chartered Accountants Association Surat (CAAS). Read their representation and demand for resolution....
Income Tax - Explore the detailed representation by BJP Professional Cell to Maharashtra's Dy CM, highlighting challenges faced by trusts and CAs. Urging an Amnesty Scheme, the article dissects administrative complexities, suggesting reforms for streamlined processes and enhanced transparency in charity governance....
Income Tax - Income Tax Bar Association & All Gujarat Federation of Tax Consultants request a one-year deferment for new Form 10B and Form 10BB compliance due to practical difficulties....
Income Tax - Know the challenges in Form 10B/10BB filings in 2023 and Income Tax Bar Association in Jalandhar appeal for deferment or extension....
Income Tax - Bombay Chartered Accountants Society requests a one-year deferment of Form 10B/10BB, citing challenges faced by charitable trusts in complying with the new audit requirements in India....
LTCL Palaniappa Charities Trust Vs CIT (ITAT Chennai) - ITAT Chennai rules in favor of charities, allowing Form 10A for 12AB registration after initial rejection. Detailed analysis on the verdict inside. ...
SAE India Vs ITO (Exemptions) (ITAT Chennai) - Explore SAE India vs ITO tax dispute (ITAT Chennai) over Section 11 exemption, GPU classification, mutuality principles. Key issues, grounds, and legal analysis....
Vasan Sheri Kelavani Samiti Trust Vs ITO (ITAT Ahmedabad) - Explore case of Vasan Sheri Kelavani Samiti Trust vs. ITO, where Section 11 exemption was denied due to a punching error. ITAT orders re-adjudication and considers rectification application....
CIT Vs D.N Memorial Trust (Jammu & Kashmir And Ladakh High Court) - The J&K High Court ruled that trust registration under section 12AA cannot be denied solely for generating surplus profit. Read the full judgment here....
Vashi Parivaar Foundation Vs CIT (Exemptions) (ITAT Pune) - Discover the intricacies of the ITAT Pune's recent decision in Vashi Parivaar Foundation Vs Commissioner of Income Tax(Exemptions), highlighting the importance of proving the genuineness of charitable activities for gaining tax exemption....
Circular No. 3/2024 - Income Tax - (06/03/2024) - Explore Circular No. 3/2024 by the Government of India, Ministry of Finance. Learn how Finance Act 2023 affects tax exemptions for charitable donations in the context of trusts and institutions....
Circular No. 2/2024-Income Tax - (05/03/2024) - Learn about CBDT's circular allowing trusts/institutions to submit Form 10B/10BB audit reports by March 31, 2024, to avoid denial of exemption under specified conditions....
Circular No. 17/2023-Income Tax - (09/10/2023) - Understand CBDT's recent clarifications on trust audit reports. Learn about substantial contributions, relatives, and concerns in this analysis....
Circular No. 6 of 2023-Income Tax - (24/05/2023) - Circular No. 6 of 2023, issued by the Central Board of Direct Taxes, Ministry of Finance, Government of India, provides clarifications regarding provisions related to charitable and religious trusts. The circular explains the amendments made by the Taxation and Other Laws (Relaxation and Amendment o...
Notification No. 7/2023-Income Tax, [G.S.R. 118(E)] - (21/02/2023) - CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case of charitable or religious trusts, etc. and ‘FORM No. 10B – Audit report under clause (b) of the tenth proviso to clause (23C) of section 10 and sub-clause (ii)...
Circular No. 3/2024 - Income Tax - 06/03/2024
Circular No. 2/2024-Income Tax - 05/03/2024
LTCL Palaniappa Charities Trust Vs CIT (ITAT Chennai) -