ICAI issues Handbook on Statement of Donations Received
The Institute of Chartered Accountants of India (ICAI) has issued a Handbook on Statement of donations received in order to provide quick guidance on...
![Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Unregistered-Association-of-Persons-agreement-charitable-Trusts-under-Income-Tax-ITAT-TAXSCAN.jpg "Unregistered Association of Persons formed by Agreement merging Two Charitable Trusts eligible for Income Tax Exemption: ITAT [Read Order]")
![Charitable Trust entitled to Carry Forward, Adjust Excess Expenditure in earlier years against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/ITAT-charitable-trust-requisite-documents-CITExemption-Taxscan.jpg "Charitable Trust entitled to Carry Forward, Adjust Excess Expenditure in earlier years against Income of subsequent years: ITAT [Read Order]")
![Medical Store run by Charitable Trust requires GST Registration: Gujarat High Court upholds AAAR’s Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/07/Medical-Store-Charitable-Trust-GST-Registration-Gujarat-High-Court-AAAR-Taxscan.jpeg "Medical Store run by Charitable Trust requires GST Registration: Gujarat High Court upholds AAAR’s Ruling [Read Order]")
Set back to Charitable Organisations: Budget 2021 disallows Carry Forward of loss by Charitable Organisations [Read Finance Bill]
The Finance Minister, Nirmala Sitharaman while announcing the Budget 2021-22 disallowed the Carry Forward of loss by Charitable Organisations. “In order to provide certainty, it is proposed to...
Exemption allowable on Donation by Charitable Trust to other for utilization towards Charitable objects: ITAT grants relief to Rajasthan Cricket Association [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur bench while giving relief to Rajasthan Cricket Association held that the exemption under Section 11 and 12 is allowable on donation by a charitable...
![Exemption allowable on Donation by Charitable Trust to other for utilization towards Charitable objects: ITAT grants relief to Rajasthan Cricket Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Exemption-donation-charitable-trust-charitable-objects-ITAT-Taxscan.jpeg "Exemption allowable on Donation by Charitable Trust to other for utilization towards Charitable objects: ITAT grants relief to Rajasthan Cricket Association [Read Order]")
Income Tax Department conducts Search in group running renowned Educational Institutions in Tamil Nadu
The Income Tax Department mounted a search on a group operating leading educational institutions having a large number of schools and colleges in Chennai and Madurai region. The search was conducted...
![Sale of Spiritual Products by Charitable Trusts attract GST: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/01/GST-Spiritual-Products-Taxscan.jpg "Sale of Spiritual Products by Charitable Trusts attract GST: AAAR [Read Order]")
