What are the Proposed Changes about Charitable Trusts?
The CBDT or Central Board of Direct Taxes has recently suggested some changes in the charitable trusts. A draft notification has been floated to make... Read More
Charitable organizations entitled to deduction
Recent Amendments for Taxation of Charitable Trust introduced in the Union Budget 2017
There were many amendments in Budget 2017 were made and proposed by Finance Minister regarding Taxation of Charitable Trust. First Amendment governing taxation of Charitable... Read More
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
Exemptions to educational institutions under Section 10(23C) (vi)(via)/ 80G available if funds utilized for charitable purposes
As per the Section 10 (23C) (iiiab) of the Income Tax Act, it clearly specifies that apart from the applicant looking for exemption being any... Read More
Charitable organizations entitled to deduction of 15% of the gross receipts without fulfilling any condition
It has recently been held by the ITAT Chandigarh in the cases of the Income Tax Officer vs. Bhartiya Vidya Mandir Trust, Ward VI (1),... 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