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Various Types of Trusts and their Importance

Corporate Law : Trusts serve several functions and are a vital component of the Indian legal system. A legal arrangement known as a trust designat...

April 20, 2024 6618 Views 0 comment Print

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 10023 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 20115 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 2043 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 30018 Views 1 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 9060 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 5064 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 1368 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 4836 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 21330 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 2118 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 447 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 474 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 1953 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 1035 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 8337 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 10797 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 6549 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 15699 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 37389 Views 2 comments Print


Charity Commissioner Office Woes: BJP Mumbai Calls for Admin Reforms

December 29, 2023 5064 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.

How To Register Society (NGO) in Haryana and Annual Return

December 24, 2023 1155 Views 0 comment Print

Learn how to register a society (NGO) in Haryana under the Societies Registration Act, 1860. Explore the process, documents, and annual return requirements for legal compliance.

Section 115TD(3) of Income Tax Act Nightmare for Charitable Trusts

December 17, 2023 6222 Views 0 comment Print

Explore the implications of Income Tax Act’s Section 115TD(3) introduced by the Finance Act 2022 on charitable trusts. Learn about cancellation risks, tax liabilities, and potential challenges.

Trust Taxation: Recent Case Laws and Advisory Insights

December 6, 2023 3723 Views 0 comment Print

Explore recent case laws on trust taxation, including issues like mutuality, corpus donations, and general public utility. Gain advisory insights into navigating the complex landscape of trust taxation.

ITAT Directs De Novo Adjudication for Denial of Section 11 Exemption

November 12, 2023 447 Views 0 comment Print

Explore SAE India vs ITO tax dispute (ITAT Chennai) over Section 11 exemption, GPU classification, mutuality principles. Key issues, grounds, and legal analysis.

Important Points Related To Income Tax Compliance for Charitable & Educational Institutions AY 2023-24

October 30, 2023 18996 Views 3 comments Print

Explore key income tax compliance requirements for charitable and educational institutions under the Income Tax Act for the assessment year 2023-24.

Difference Between Trust, Society and Section 8 Company

October 27, 2023 7527 Views 1 comment Print

Confused about whether to establish a Trust, Society, or Section 8 Company? This comprehensive comparison simplifies the decision-making process for you.

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

October 26, 2023 474 Views 0 comment Print

Explore case of Vasan Sheri Kelavani Samiti Trust vs. ITO, where Section 11 exemption was denied due to a punching error. ITAT orders re-adjudication and considers rectification application.

Whether 12AA/12AB Entities Need to file Form 10B/10BB for 10(23C) Exemption?

October 22, 2023 2022 Views 0 comment Print

Learn about exemption possibilities under Sec. 10(23C) for registered educational or medical institutions and the need for Form 10B/10BB. Get clarity on tax implications.

Taxability of income of charitable or religious trusts

October 22, 2023 6492 Views 0 comment Print

Taxability of income of charitable or religious trusts: Learn about relief of the poor, education, yoga, medical relief, preservation of the environment & more.

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