Tag: charitable trust

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 …

Religious and charitable society can not be denied exemption u/s 11 if not exclusively meant for one community

Religious and charitable society/trust can not be denied exemption u/s 11 if not exclusively meant for one particular religious community- High Court   ABCAUS Case Law Citation: ABCAUS 2065 (2017) (09) HC The Substantial Question of Law urged/framed for determination: The Revenue urged the following question: Whether it …