The Income Tax Act, 1961 provides certain tax benefits to a trust that is set up for religious or charitable purposes. To guarantee compliance and maximise benefits, trustees must be knowledgeable of the subtleties of

The Central Board of Direct Taxes ( CBDT ), vide notification no. S.O. 1771(E) dated 23rd April 2024 has notified the Section 80G deduction Shree Ramanuj Kot Trust to the extent of Rs. 1,63,06,311 under

What is Section 80G? Section 80G of the Income Tax Act is a provision that allows taxpayers to claim deductions on donations made to eligible charitable institutions and funds. The purpose of this section is

The Bombay High Court allowed petition by directing to Joint Commissioner of Income Tax ( JCIT )to supply a copy of certificate of exemption under Section 12 A of Income Tax Act, 1961. The petition

The Bombay High Court viewed that the error on the part of the auditor is reasonable cause for delay in claiming exemption and condoned the delay. Since the delay has been condoned, Respondent shall process

NGOs [ Nongovernmental Organizations ] 1. Section 8 Company: A Section-8 Company, also referred to as a Not-for-Profit Organization, is established with the primary goal of promoting various sectors such as commerce, art, science, sports,

This weekly round-up analytically summarizes the key stories related to the Income Tax Appellate Tribunal ( ITAT ) reported at Taxscan.in during the previous week from April 13 to April 20 ITAT Directs Readjudication with

This weekly round-up analytically summarises the key stories of the Supreme Court & High Court cases reported at taxscan.in, from April 13th, 2024 to April 20th, 2024. SUPREME COURT Licensing of software products of Microsoft

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) noted that the extension timeline provided in Form No. 10AB for Section 12A recognition was deemed to be an extension for the approval renewal under

SUPREME COURT Services Rendered with Procurement of Goods for Exports are not to be categorised as intermediary services: Supreme Court Dismisses Appeal COMMISSIONER OF G.S.T. AND CENTRAL EXCISE vs M/S SNQS INTERNATIONAL SOCKS PRIVATE LIMITED

In a recent verdict, the Madras High Court declared Clause 5(ii) of Circular No.6 of 2023, issued by the Central Board of Direct Taxes ( CBDT ) on May 24, 2023, as illegitimate, arbitrary, and

Recently, the High Court of Kerala directed the Commissioner ( Exemptions ) to reconsider the application of Charitable Trust’s for issuance of Certificate under Section 80G of the Income Tax Act, 1961. The petitioner, Snehatheeram

The Mumbai bench Income Tax Appellate Tribunal (ITAT)  while allowing the exemption under section 11 of the Income Tax Act, 1961 held that printing , publishing and subscription of books of vedas , gita,upanishads  for imparting

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) sets aside the order of the Commissioner of Income Tax (Exemption) [(CIT(E)] and directs re-adjudication after a trust mistakenly applies for registration under

This case digest provides comprehensive coverage of violation cases under the Customs Brokers Licensing Regulations, 2018. These regulations, issued by the central government, are designed to regulate customs brokerage activities within a specific jurisdiction. They