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Archive: 18 November 2024

Posts in 18 November 2024

Taxation of Charitable Trusts Not Registered Under Income Tax Act, 1961

November 18, 2024 9 Views 0 comment Print

Learn about taxation rules for unregistered charitable trusts under the Income Tax Act, 1961, including exemptions under Sections 11 & 12 and corpus fund taxation.

ITAT Allows LTCG Exemption on Shares due to Overreliance on Investigation Report, Absence of Enquiry & Genuineness of Transactions

November 18, 2024 18 Views 0 comment Print

Analysis of ITAT Delhi’s ruling in Smt. Karuna Garg Vs ITO regarding the genuineness of long-term capital gains claims from penny stock transactions.

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