deduction under section 80G

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

Deductions under Section 80G & 80GG 2 min read

• Income Tax

Deductions under Section 80G & 80GG

Sourav 9 years ago

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