Charitable organizations entitled to deduction

What are the Proposed Changes about Charitable Trusts? 1 min read

• Income Tax News and Analysis

What are the Proposed Changes about Charitable Trusts?

Diksha Garg 6 years ago

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

Recent Amendments for Taxation of Charitable Trust introduced in the Union Budget 2017 2 min read

• Income Tax

Recent Amendments for Taxation of Charitable Trust introduced in the Union Budget 2017

Sourav 8 years ago

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 4 min read

• Income Tax

Generation of surplus is not fatal for granting exemption if such surplus is utilized for charitable purposes

Sourav 9 years ago

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 2 min read

• Income Tax

Exemptions to educational institutions under Section 10(23C) (vi)(via)/ 80G available if funds utilized for charitable purposes

Sourav 9 years ago

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 4 min read

• Income Tax

Charitable organizations entitled to deduction of 15% of the gross receipts without fulfilling any condition

Manager 9 years ago

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