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Assessment & Income Tax Exemption for Universities, Hospitals & Institutions

Income Tax : Learn about income tax exemptions for universities, hospitals, and educational institutions under Section 10 of the Income Tax Act...

March 11, 2025 3426 Views 0 comment Print

Assessment of Trusts as per latest amendments (Including Finance Bill 2025)

Income Tax : An analysis of trust taxation under the Income Tax Act, including Finance Bill 2025 amendments, tax exemptions, anonymous donation...

February 23, 2025 36084 Views 1 comment Print

Audit of a Trust in Form 10B/10BB: Filing Essentials

Income Tax : Understand the audit requirements for trusts under Form 10B/10BB, including due dates, filing process, clauses, and key difference...

January 31, 2025 1227 Views 0 comment Print

NGO Darpan Registration Process and Requirements

Income Tax : Learn the step-by-step procedure for NGO Darpan registration, required documents, and how to obtain a unique ID for your NGO or ch...

December 25, 2024 6111 Views 4 comments Print

Procedure For Registration of NGO (TRUST)

Corporate Law : Learn the procedure and requirements for registering an NGO as a Trust in India, including necessary documents and benefits....

September 30, 2024 1365 Views 0 comment Print


Latest News


Budget 2024: Amendment in Income Tax provisions of Charitable Trusts & Institutions

Income Tax : Learn about the rationalisation of provisions for charitable trusts and institutions under the Income-tax Act, merging two regimes...

July 23, 2024 1473 Views 0 comment Print

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 9453 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 5424 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 1455 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 5298 Views 0 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 4362 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 612 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 660 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 2637 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 1176 Views 0 comment Print


Latest Notifications


CBDT Extends Deadline for Trusts to Submit Audit Reports in Form 10B/10BB

Income Tax : CBDT extends deadline for trusts and institutions to submit audit reports in Form 10B/10BB until November 10, 2024....

October 7, 2024 13677 Views 0 comment Print

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 15993 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 14760 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 7479 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 17271 Views 1 comment Print


Contribution by Charitable Trusts – Current Legal Status in Maharashtra

June 24, 2022 18216 Views 1 comment Print

Understand the current legal status of contribution by charitable trusts in Maharashtra. Get insights into the provisions, exemptions, and important judgments.

ITAT upheld penalty on amount accumulated by Trust but not utilised & disclosed in ITR

June 22, 2022 291 Views 0 comment Print

Association of Indian Forging Industry Vs ITO (ITAT Pune) Association of Indian Forging Industry (hereinafter referred to as appellant) is a not-for-profit company incorporated u/s 25 of the Companies Act, 1956 and is also registered u/s 12A of the I.T. Act 1961, therefore eligible for exemption u/s 11 of the Act. As per the memorandum […]

Charitable Trusts – All about Investments, Corpus & Anonymous Donation

June 13, 2022 43665 Views 1 comment Print

Ensure tax-exempt status for trusts with our guide. Compliance with Income Tax Act secures exemptions for property-derived income. Explore investments, corpus donations, and more.

Cash Transaction Restrictions on Charitable Trusts under Income Tax

June 13, 2022 220278 Views 2 comments Print

Understand the cash transaction restrictions on charitable trusts under income tax. Learn about the different types of donations and their implications.

Handbook on Statement of Donations Received

May 26, 2022 3765 Views 1 comment Print

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.

Form 10BD For Trust & Research Institutes | Form 10BE Certificate for Donors

May 19, 2022 10524 Views 2 comments Print

Understanding Form 10BD for Trusts and Research Institutes. Learn about the new notification and the details required for filing this form.

ITAT explains Cancellation of section 12AA registration post amendment by Finance Act, 2021

May 18, 2022 2961 Views 0 comment Print

S.R.Trust Vs PCIT (Madras High Court) ITAT held that procedure of cancellation of the registration already enjoyed either under 12A regime or 12AA regime in the case of the petitioner, in view of the new regime having been introduced, shall take place only after disposing the application made by the trust or institution, under the […]

Mere Seminar Income cannot make trust loose character of charity

May 6, 2022 1032 Views 0 comment Print

Merely because of organizing seminars itself cannot make the trust non charitable or commercial. In our considered view, the invoking of section 2(15) of the Act merely because of revenue from organizing seminar cannot make the trust looses the character of charity.

Procedure For Filing Form 10BD – A Step by Step Approach

April 27, 2022 134496 Views 22 comments Print

Master the step-by-step approach for filing Form 10BD for the Financial Year 2021-22. Unveil the intricacies, key instructions, and essential details you should know before initiating the process. From compiling donation data to filing and issuing Form 10BE, this comprehensive guide provides insights, ensuring a seamless filing experience.

How to file Form 10BD – Part-B Details of donors & donation

April 27, 2022 81633 Views 25 comments Print

These instructions are guidelines to help the taxpayers for filling the particulars in CSV template in Part-B Details of donors and donation relevant to the Financial Year.

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