Generation of surplus is not fatal for granting exemption if such surplus is utilized for charitable purposes
In the case of CIT vs. Gulab Devi Memorial Hospital Trust (P&H High Court), the CIT (Commissioner of Income Tax) overruled the claim made by... Read More
80G
Deductions under Section 80G & 80GG
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Deductions under Section 80G To encourage the concept of donations or charity towards the needy and the poor section of the society, the government of... Read More
Diving Deeper: The Impact of the New Tax Bill on Dairy and Farming Income 
Bombay High Court Upholds Section 271(1)(c) Penalty for Deliberate Non-Disclosure 
Reporting of Foreign Assets by Indian Taxpayers under Section 139(1) of the Income Tax Act 
Major Changes Expected in Direct Tax Code 2025 and why these matter