Mis-utilisation of funds may risk exemption
Income-tax is a welfare legislation for it provides exemptions to charitable trusts etc. However all said and done charity and…
......Read MoreIncome-tax is a welfare legislation for it provides exemptions to charitable trusts etc. However all said and done charity and…
......Read MoreA charitable institution is expected to comply with all the laws of the land. The Commissioner (Exemption) is vested with…
......Read MoreIn the context of a charities engaged in an object of general public utility the Supreme Court in (2022] 449…
......Read MoreIn a most dreadful situation the Supreme Court in [2022] 447 ITR 766 (SC) were cornered with a question whether the Tribunal…
......Read MoreFor a charitable society that makes any profits their exemption claim is not determined on the basis of commercial nature…
......Read MoreThe tax authorities have a right to cancel registration of trusts in some situations. At the same time the trust…
......Read MoreBy the crux of the decision of the Calcutta high court in [2022] 443 ITR 173 – (Cal)-CREATIVE MUSEUM DESIGNERS…
......Read MoreIn the context of income tax law education per se is considered to be charitable in nature. Currently much of…
......Read MoreTo derive 80G income tax exemption it is necessary that the donee institution is firstly established in India, only for…
......Read MoreThe Madras High Court in (2014) 2ITR-OL 191 held that a trust can have both charitable and religious objects and…
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