"The Author is a Fellow member of the Institute of Chartered Accountants of India and is in practice for more than 25 years in the areas relating to Direct taxes and GST handling assessment and appeal related work at all levels . He is an active speaker on issues relating to Direct taxes and delivers lectures on such issues very often. He can be reached at gm2104@gmail.com and 9828510543 (Whatsapp preferred). "
Explains how charitable trusts are taxed on capital gains and how reinvesting sale proceeds under section 11(1A) can qualify as deemed application, reducing tax liability.
ITAT Delhi upholds CIT(E) order in ITO Vs Mehta Charitable Prajanalaya Trust, disallowing unrelated expenses and clarifying deductions under Section 80G.
