Proviso to 2(15) is intent driven and has very limited application
For a charitable society that makes any profits their exemption claim is not determined on the basis of commercial nature…
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Today's
Club expenditure ......Read More
Yesterday's Profiteering is not permissible in the field of professional/educational courses ......Read More
Yesterday's Profiteering is not permissible in the field of professional/educational courses ......Read More
What after cancellation of exemption/registration
The tax authorities have a right to cancel registration of trusts in some situations. At the same time the trust…
......Read MoreNew colour to provider of ‘education’ and its definition
By the crux of the decision of the Calcutta high court in [2022] 443 ITR 173 – (Cal)-CREATIVE MUSEUM DESIGNERS…
......Read MoreProfessional education has charitable character
In the context of income tax law education per se is considered to be charitable in nature. Currently much of…
......Read MoreSikhs/Hindus are old age expressions of charity
To derive 80G income tax exemption it is necessary that the donee institution is firstly established in India, only for…
......Read MoreCharity can be combined with religious activities
The Madras High Court in (2014) 2ITR-OL 191 held that a trust can have both charitable and religious objects and…
......Read Morepower to cancel 12A registration
Under the law the PCIT /CIT Is empowered to cancel registration if he is satisfied that the activities of the…
......Read MoreDoctrine of substantive benefit
Application in form 10 is gateway to benefit of exemption under section 11 of the Income-tax Act, 1961. Further such…
......Read Moreobjects of the donor and the donee should be identical
The Allahabad bench of the ITAT in [2021] 88 ITR (Trib) 44 (ITAT[All] held that to be entitled to exemption…
......Read MoreLetting out halls
In the absence of anything on record to suggest that any part of the income offered under the head House…
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