Day: November 5, 2024

CBDT issues guidelines and monetary limits of the income-tax authorities for reduction or waiver of interest paid or payable u/s  220(2)  Circular No. 15/2024 F. No.  400/08/2024-IT(B)Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes******** New Delhi, 4th November, 2024 Subject: Order under section …

Registration u/s 80G does not make a trust purely charitable so as to tax anonymous donations u/s 115BBC(1) – High Court  In a recent judgment, Hon’ble Bombay High Court has held that merely by registration u/s 80G a trust can not be said to be a charitable trust …