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Sale of Assets of A Public Charitable Trust Without Obtaining Court’s Direction

Corporate Law : Delve into the legal debate surrounding the sale of trust assets without court direction. Understand relevant laws and judicial p...

April 8, 2024 8832 Views 0 comment Print

Amendments Effective From 1st April, 2024 For Charitable Trusts

Income Tax : Understand the latest amendments impacting Charitable Trusts from April 1, 2024. Learn about amendments in Section 11 of the Incom...

April 6, 2024 17397 Views 2 comments Print

Eligibility and process of Registration of Charitable Trust in India

Income Tax : Learn the eligibility criteria and step-by-step process for registering a charitable trust in India. Discover the significance, ad...

March 18, 2024 1272 Views 0 comment Print

Assessment of Trusts for A.Y 2022-2023, A.Y 2023-2024 and A.Y 2024-2025

CA, CS, CMA : Comprehensively assess trusts for A.Y 2022-2023, A.Y 2023-2024 and A.Y 2024-2025 by discussing key provisions, changes, and implic...

February 16, 2024 28827 Views 1 comment Print

Assessment of Charitable and Religious Trusts and Institutions

Income Tax : Analyzing the complexities of non-profit sectors globally, this guide on Assessment of Charitable and Religious Trusts and Institu...

February 2, 2024 7419 Views 0 comment Print


Latest News


Ambiguity of Trust provisions under Income Tax Act: CAAS Surat Raises Concerns

CA, CS, CMA : Explore the ambiguity of Trust provisions under the Income Tax Act highlighted by Chartered Accountants Association Surat (CAAS). ...

January 6, 2024 8982 Views 0 comment Print

Charity Commissioner Office Woes: BJP Mumbai Calls for Admin Reforms

Income Tax : Explore the detailed representation by BJP Professional Cell to Maharashtra's Dy CM, highlighting challenges faced by trusts and C...

December 29, 2023 4971 Views 0 comment Print

Request for Deferment of Applicability of New Form 10B & Form 10BB by One Year

Income Tax : Income Tax Bar Association & All Gujarat Federation of Tax Consultants request a one-year deferment for new Form 10B and Form 10BB...

September 18, 2023 1356 Views 0 comment Print

Form 10B/10BB Filing Issues 2023 & appeal for deferment or extension

Income Tax : Know the challenges in Form 10B/10BB filings in 2023 and Income Tax Bar Association in Jalandhar appeal for deferment or extension...

September 18, 2023 4755 Views 0 comment Print

BCAS asks for deferment of form 10B and 10BB

Income Tax : Bombay Chartered Accountants Society requests a one-year deferment of Form 10B/10BB, citing challenges faced by charitable trusts ...

September 11, 2023 21222 Views 1 comment Print


Latest Judiciary


Section 12AB Registration Rejection: ITAT allows filing of Form 10A

Income Tax : ITAT Chennai rules in favor of charities, allowing Form 10A for 12AB registration after initial rejection. Detailed analysis on th...

February 15, 2024 1485 Views 0 comment Print

ITAT Directs De Novo Adjudication for Denial of Section 11 Exemption

Income Tax : Explore SAE India vs ITO tax dispute (ITAT Chennai) over Section 11 exemption, GPU classification, mutuality principles. Key issue...

November 12, 2023 405 Views 0 comment Print

Section 11 Exemption denial over Punching Error: ITAT Orders Re-Adjudication

Income Tax : Explore case of Vasan Sheri Kelavani Samiti Trust vs. ITO, where Section 11 exemption was denied due to a punching error. ITAT ord...

October 26, 2023 432 Views 0 comment Print

Trust Registration under section 12AA cannot be denied for Surplus Profit

Income Tax : The J&K High Court ruled that trust registration under section 12AA cannot be denied solely for generating surplus profit. Read th...

July 26, 2023 1830 Views 0 comment Print

Charitable activity genuineness unproved: Section 12AB Registration rejected

Income Tax : Discover the intricacies of the ITAT Pune's recent decision in Vashi Parivaar Foundation Vs Commissioner of Income Tax(Exemptions)...

June 21, 2023 987 Views 0 comment Print


Latest Notifications


CBDT Clarifies Provisions for Charitable Donations & Application of Income

Income Tax : Explore Circular No. 3/2024 by the Government of India, Ministry of Finance. Learn how Finance Act 2023 affects tax exemptions for...

March 6, 2024 7533 Views 0 comment Print

CBDT allows Submission of Form 10B/10BB Audit Reports by March 31, 2024

Income Tax : Learn about CBDT's circular allowing trusts/institutions to submit Form 10B/10BB audit reports by March 31, 2024, to avoid denial ...

March 5, 2024 10338 Views 3 comments Print

Clarification with regard to trust audit reports issued by CBDT

Income Tax : Understand CBDT's recent clarifications on trust audit reports. Learn about substantial contributions, relatives, and concerns in...

October 9, 2023 6444 Views 0 comment Print

CBDT clarifies provisions relating to charitable and religious trusts

Income Tax : Circular No. 6 of 2023, issued by the Central Board of Direct Taxes, Ministry of Finance, Government of India, provides clarificat...

May 24, 2023 15315 Views 1 comment Print

CBDT amends Audit Report Format of Trust (Form No. 10B) & Rule 16CC & 17B

Income Tax : CBDT amends Rule 16CC Form of report of audit prescribed under tenth proviso to section 10(23C), Rule 17B Audit report in the case...

February 21, 2023 36987 Views 2 comments Print


Latest Posts in Trust

Sale of Assets of A Public Charitable Trust Without Obtaining Court’s Direction

April 8, 2024 8832 Views 0 comment Print

Delve into the legal debate surrounding the sale of trust assets without court direction. Understand relevant laws and judicial precedents.

Amendments Effective From 1st April, 2024 For Charitable Trusts

April 6, 2024 17397 Views 2 comments Print

Understand the latest amendments impacting Charitable Trusts from April 1, 2024. Learn about amendments in Section 11 of the Income Tax Act, corpus donations, deductions, and audit report requirements.

Eligibility and process of Registration of Charitable Trust in India

March 18, 2024 1272 Views 0 comment Print

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.

CBDT Clarifies Provisions for Charitable Donations & Application of Income

March 6, 2024 7533 Views 0 comment Print

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.

CBDT allows Submission of Form 10B/10BB Audit Reports by March 31, 2024

March 5, 2024 10338 Views 3 comments Print

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.

Assessment of Trusts for A.Y 2022-2023, A.Y 2023-2024 and A.Y 2024-2025

February 16, 2024 28827 Views 1 comment Print

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

Section 12AB Registration Rejection: ITAT allows filing of Form 10A

February 15, 2024 1485 Views 0 comment Print

ITAT Chennai rules in favor of charities, allowing Form 10A for 12AB registration after initial rejection. Detailed analysis on the verdict inside.

Assessment of Charitable and Religious Trusts and Institutions

February 2, 2024 7419 Views 0 comment Print

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.

Ambiguity of Trust provisions under Income Tax Act: CAAS Surat Raises Concerns

January 6, 2024 8982 Views 0 comment Print

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.

Charity Commissioner Office Woes: BJP Mumbai Calls for Admin Reforms

December 29, 2023 4971 Views 0 comment Print

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.

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