Income Tax : The article explains how procedural lapses in trust registration renewal can activate Section 115TD and impose heavy tax on accret...
Income Tax : The Income-tax Department intensified scrutiny of charitable entities after finding high surplus margins, premium pricing, and com...
Goods and Services Tax : The content addresses key statutory deadlines under income tax and GST laws for May 2026. It highlights due dates and compliance r...
Income Tax : The new law replaces time-bound approvals with continuous compliance monitoring for charitable entities. Registration now survives...
Income Tax : The approach differs for pending, rejected, or delayed applications. Trusts must choose the right remedy based on procedural posit...
Income Tax : The representation highlights large-scale pendency and administrative bottlenecks under Sections 12AB and 80G, urging immediate re...
Income Tax : Suggestions to simplify 12AB and 80G renewal for charitable trusts, proposing conditional approvals, straight-through processing f...
Income Tax : Learn about the updated timelines for processing applications by trusts, funds, and institutions seeking tax exemption under secti...
Income Tax : Understand amendments to trust registration timelines under Income-tax Act section 12A. Learn how delays can be condoned by the Co...
CA, CS, CMA : Explore the challenges faced by Charitable Trusts due to delays or errors in submitting applications under Section 12A(1)(ac) of t...
Income Tax : The Tribunal condoned a 60-day delay after accepting explanations relating to migration of the ITAT portal and the death of a fami...
Income Tax : ITAT Mumbai held that the Commissioner of Income Tax (Exemptions) cannot impose independent or contingent conditions while grantin...
Income Tax : ITAT Bangalore held that the Income Tax Act does not bar a trust from filing a fresh Section 80G application merely because an ear...
Income Tax : The Calcutta High Court upheld rejection of exemption under Section 12AB after finding that proposed microfinance activities invol...
Income Tax : The ITAT held that the institution’s activities as a seminary imparting religious training to priests established its religious ...
Income Tax : CBDT extends deadline for trusts and institutions to submit audit reports in Form 10B/10BB until November 10, 2024....
Income Tax : PCIT or CIT can examine if there is any specified violation by the trust or institution registered or provisionally registered und...
Income Tax : CBDT issues Notification no. 19/2021 dated 26/03/2021 pertaining to procedure for registration of fund/ trust/charitable instituti...
ITAT Ahmedabad remands the Vidhyanagar Jain Society’s registration case to CIT(E) for reconsideration due to non-submission of documents and unavoidable delays.
n Legal Initiative For Forest And Environment (LIFE Trust) Vs PCIT (ITAT Delhi), the stay application was denied as the test for irreparable loss was not met.
Learn about the updated timelines for processing applications by trusts, funds, and institutions seeking tax exemption under section 12AB or approval under section 80G, effective from October 2024.
Understand amendments to trust registration timelines under Income-tax Act section 12A. Learn how delays can be condoned by the Commissioner to avoid tax implications. Effective from October 2024.
Read the detailed ITAT Raipur order on rejection of S.12AB application under Income Tax Act, directing re-adjudication by CIT(E). Full analysis provided.
ITAT Kolkata grants exemption registration to Income Tax Bar Association Calcutta, overturning CIT’s decision. Read the full details of the tribunal’s order here.
CBDT extends Form 10AB filing to 30.06.2024. ITAT Chennai rules in favor of Earth Trust, setting aside CIT(E) order canceling registration u/s 12AB.
Delhi High Court allows exemptions on temporary donations by one charitable trust to another. Understand the implications and full judgment of this landmark case.
Understand the income of trusts or institutions, including registration, exemptions, and FAQs. Learn about Sections 12A, 12AA, and 12AB of the Income Tax Act, covering voluntary contributions, tax implications, and registration procedures.
Explore the detailed analysis of the ITAT Ahmedabad order regarding the rejection of registration of Parul University Alumni Association due to a mismatch in trust name and objectives.
