Income Tax - Learn the eligibility criteria, registration process, and advantages of forming a Section 8 company. Understand the documentation required and steps involved in setting up this non-profit organization....
Income Tax - Discover how to claim a tax deduction for contributing to the Ram Mandir under Section 80G. Learn eligibility, deduction limits, deadlines, and key considerations for a seamless process....
Income Tax - Discover the Shri Ram Janmabhoomi Teerth Kshetra Trust, its role, and how donations for the Ram Mandir can fetch Section 80G tax deductions. Learn online donation steps and claim tips....
Income Tax - Explore crucial issues in income tax practices, including Section 44AD, TDS obligations, LTCG exemptions, cash deposits, and tax deductions under Section 80G in India....
Income Tax - Discover the legal constraints around cash transactions under India's Income Tax Act. Learn about the various sections that impose limits and penalties on cash dealings....
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 - CAG noticed ineffective monitoring of accumulation of income and its utilization, ineffective monitoring of receipts and utilization of foreign contribution, inadequacy of survey of educational Trusts, absence of provision for disclosure of TDS in the audit report, etc....
Income Tax - Recently, changes were made in the provisions pertaining to compliance by charitable religious institutions under the Income-tax act, 1961 by making it mandatory the furnishing of Statement of Donations Received in Form No. 10BD and thereafter generation of Certificate of Donations in Form 10BE....
Income Tax - CA Shailesh R Ghedia president of BJP Professional Cell, Mumbai has written a letter to Honorable Finance Minister, Smt. Nirmala Sitharaman and brought to her attention improper Drastic changes made in Income tax provisions relating to Charitable and Religious Trusts (Trusts/NGOs. He highlighted provisions relating to putting severe restr...
Income Tax - Deferrement of Procedure for Approval/ Registration/Notifications of certain entities U/s 10(23C), 12AA, 35 & 80G of Income Tax Act, 1961 till 01st October,2020 The Finance Act, 2020 has introduced certain new compliance burdens on Charitable Trusts and Exempt Institutions. The Budget 2020 has amended certain provisions of the Inc...
Sanj Sawali Care Foundation Vs CIT (Exemptions) (ITAT Pune) - ITAT Pune remands Sanj Sawali Care Foundation's 80G exemption application to CIT(E) for reevaluation after failure to produce documentary evidence. Details here....
Sarda Mission Sevasram Viveknagar Vs CIT (Exemptions) (ITAT Kolkata) - Explore the Kolkata ITAT's verdict on the rejection of Sarda Mission Sevasram Viveknagar's application for 80G approval due to a wrong clause mention, highlighting rectifiability....
Kailash Math Trust Vs CIT (ITAT Pune) - ITAT Pune allows appeal by Kailash Math Trust against CIT decision, stating application for 80G approval filed within prescribed time limit. Full order analysis....
Sanghamitra Rural Financial Services Vs ACIT (Exemptions) (ITAT Bangalore) - ITAT Bangalore held that microfinancing activities by charging exorbitant interest cannot be considered to be charitable purpose in terms of section 2(15) of the Income Tax Act accordingly exemption claimed u/s 11 and 12 duly deniable....
Kartik Sureshchandra Gandhi Vs ACIT (Bombay High Court) - Bombay High Court quashes reassessment notice against Kartik Gandhi for AY 2019-20, highlighting issues with Section 148 and 151 approvals....
Notification No. 45/2023-Income-Tax [G.S.R. 457(E)] - (23/06/2023) - The amendments brought about by Notification No. 45/2023 – Income-Tax (Income-tax (Eleventh Amendment) Rules, 2023) encompass multiple provisions and rules within the Income-tax Act, 1961. The notification details changes to rule 2C, rule 11AA and rule 17A of Income-tax Rules, 1962, under diff...
Notification No. 34/2023-Income Tax [G.S.R. 399(E)] - (30/05/2023) - CBDT issued Notification No. 34/2023-Income Tax, dated May 30, 2023 & introduces amendments to rule 11AA of Income-tax Rules, 1962. New sub-rule (7) to rule 11AA states that for applications made under clause (iv) of the first proviso to sub-section (5) of section 80G of the Income-tax Act, 19...
Circular No. 8/2022-Income Tax - (31/03/2022) - CBDT extends the last date for filing of Form No.10AB for seeking registration or approval under Section 10(23C), 12A or 80G of the IT Act,1961. The application for registration or approval in Form No. 10AB can be filed upto 30th September, 2022. *** CBDT extends last date for filing of Form No.10AB...
Notification No. 36/2021-Income Tax/S.O.1698(E) - (23/04/2021) - CBDT vide Notification No. 36/2021-Income Tax Dated: 23rd April, 2021 notifies ‘Maa Umiya Temple managed by Vishv Umiya Foundation at Jaspur, Ahmedabad’ to be place of artistic importance and a place of public worship of renown throughout the state of Gujarat State for the purposes of ...
Release ID: 1622387 - (09/05/2020) - CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 (the Act) would b...
Sanj Sawali Care Foundation Vs CIT (Exemptions) (ITAT Pune) -
Sarda Mission Sevasram Viveknagar Vs CIT (Exemptions) (ITAT Kolkata) -
Kailash Math Trust Vs CIT (ITAT Pune) -
Sanghamitra Rural Financial Services Vs ACIT (Exemptions) (ITAT Bangalore) -
Kartik Sureshchandra Gandhi Vs ACIT (Bombay High Court) -
West Bengal Welfare Society Vs CIT(Exemption) (ITAT Kolkata) -
LTCL Palaniappa Charities Trust Vs CIT (ITAT Chennai) -
Janata Gram Vikas Pratisthan Vs CIT (Exemption) (ITAT Pune) -
Diamond Cares Vs CIT (Exemption) (ITAT Kolkata) -