Tag: charitable Institution

Director Income Tax CPC & CIT Exemption Bengaluru authorised for processing of applications of charitable trusts

Director Income Tax CPC and CIT Exemption Bengaluru authorised for receiving & processing of application of charitable trusts for provisional registration and allotment of URN   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 30/2021 New Delhi, the 1st April, 2021 INCOME –TAX S.O. 1443(E).—In exercise …

CBDT prescribes revised procedure for registration of charitable trusts u/s 12A and u/s 80G u/s 10(23C) etc.

CBDT prescribes revised procedure for registration of charitable trusts u/s 12A / 12AB, u/s 80G u/s 1023C etc.. Income-tax (6th Amendment) Rules 2021 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)New Delhi Notification No. 19/2021-Income Tax Dated- 26th March, 2021 G.S.R. 212(E).—In exercise of the powers conferred …

Amendment to provision of Charitable Trust to check double deduction on income application /accumulation

Amendment to provision of Charitable Trust and Institutions to eliminate possibility of double deduction while calculating application or accumulation Exemption to funds, Charitable institutions, trusts etc. carrying out religious or charitable activities is provided under clause (23C) of section 10 of the Act and sections 11 and 12 …

Chartered flight travel by charitable society enjoying tax benefit, held unreasonable expenses

Chartered flight travel by a charitable society enjoying tax benefit was an unreasonable expenditure. ITAT confirms addition for want of justification ABCAUS Case Law Citation:ABCAUS 2965 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties:Chiranjiv Charitable TrustIndraprastha Cancer Society 229 Taxmann 93 (Del)Lissie medical institutions vs. …