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Dohit Muranjan
2 days ago2 min read
Retrospective Applicability of Section 12AA Exemption is Available Based on Grant of Subsequent Exemption under Deemed Registration Rule: ITAT
Retrospective Applicability of Section 12AA Exemption is Available Based on Grant of Subsequent Exemption under Deemed Registration Rule: IT
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Dohit Muranjan
2 days ago2 min read
Income earned through incidental business activities and utilised for achieving the objectives of a Trust qualifies for exemption under Section 11- ITAT
Income earned through incidental business activities and utilised for achieving the objectives of a Trust qualifies for exemption under Sect
6 views0 comments
Suhani Hirawat
2 days ago4 min read
Drafting an effective Procurement Policy for NPOs: 6 Key Considerations
Drafting an effective procurement policy is critical for Non-Profit Organisations (NPOs) to ensure transparency, accountability, and
42 views0 comments
Parul Agrawal
Dec 19, 20247 min read
Achieving Financial Sustainability for NGOs: Key Strategies
Financial sustainability is vital for NGOs to ensure long-term impact and uninterrupted operations. By reducing dependence on external donor
57 views0 comments
Dohit Muranjan
Dec 19, 20242 min read
Business income of an educational charitable trust utilised entirely for charitable purposes qualifies for exemption under Section 11(4A): ITAT
The assessee was a public charitable trust registered under Section 12A of the Income-tax Act, 1961 (IT Act). Its primary charitable activit
20 views1 comment
Dohit Muranjan
Dec 19, 20242 min read
Section 12A does not provide for deemed registration if application is not disposed of within six months : HC
The assessee, a public trust, applied for registration under Section 12A of the Income-tax Act, 1961 on February 6, 2006.
16 views0 comments
Parul Agrawal
Nov 15, 20244 min read
FCRA Return (FC-4): Things to keep in mind
FCRA Return (FC-4): Things to keep in mind
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Dohit Muranjan
Nov 15, 20241 min read
Registration under Section 12AB cannot be rejected solely due to Trust's focus on a specific community as Section 13(1)(b) applies only at the assessment stage: ITAT
Registration under Section 12AB cannot be rejected solely due to Trust's focus on a specific community as Section 13(1)(b) applies only at
24 views0 comments
Dohit Muranjan
Nov 15, 20242 min read
HC: Anonymous Donations to Charitable cum Religious Trusts Exempt Under Section 115BBC
HC: Anonymous Donations to Charitable cum Religious Trusts Exempt Under Section 115BBC
50 views1 comment
Parul Agrawal
Oct 16, 20244 min read
Cracking the FCRA Code: 5 Essential Dos and Don’ts for NGOs
Cracking the FCRA Code: 5 Essential Dos and Don’ts for NGOs
169 views0 comments
Dohit Muranjan
Oct 16, 20243 min read
Reopening of charitable trust's assessment based on 'mere change of opinion' is not valid : HC
Reopening of charitable trust's assessment based on 'mere change of opinion' is not valid
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Dohit Muranjan
Oct 16, 20243 min read
Rental income of charitable organization should be computed under section 11 after reducing repairs and maintenance expenses; however, no standard deduction under section 24 is permitted: ITAT
Rental income of charitable organization should be computed under section 11 after reducing repairs and maintenance expenses;
18 views0 comments
Dohit Muranjan
Sep 19, 20242 min read
Revision under section 263 cannot be invoked by PCIT when the AO's view allowing deduction under section 80G for CSR expenses is supported by various Tribunal decisions: ITAT
Citation- American Express (India) P. Ltd. vs. PCIT ITAT: Delhi ITA No: 2468 (Delhi) of 2023 Assessment Year: 2016-17 Date of Order-...
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Dohit Muranjan
Sep 19, 20242 min read
Educational loans and scholarships given to Indian students in India for overseas education is ‘application’ in India: ITAT
Citation- ITO(E) v. JN Tata Endowment for the Higher Education of Indians ITAT: Mumbai ITA No: 3573 of 2024 Assessment Year: 2011-12 Date...
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Dohit Muranjan
Sep 19, 20241 min read
Registration and compliance under state law is mandatory: ITAT
Registration and compliance under state law is mandatory
20 views0 comments
Parul Agrawal
Sep 17, 20245 min read
Demystifying ITR-7: A Comprehensive Guide to Income Tax Returns for NGOs
Introduction: Form ITR 7 is a critical component of the tax filing process for Non-Profit Organizations (NPOs), including charitable...
45 views0 comments
Suhani Hirawat
Aug 26, 20245 min read
8 Essential To-Dos for NPOs to Prepare for Statutory Audit
By adhering to these ongoing processes and engaging the right professionals, NPOs can achieve a seamless year end audit experience.
102 views2 comments
Dohit Muranjan
Aug 26, 20241 min read
Net profit and not gross receipts can be brought to tax if exemption under section 11 is not available: ITAT
Net profit and not gross receipts can be brought to tax if exemption under section 11 is not available: ITAT
33 views0 comments
Dohit Muranjan
Aug 26, 20241 min read
Registration under section 12AA cannot be denied solely because the trust had not started its charitable activities: HC
Registration under section 12AA cannot be denied solely because the trust had not started its charitable activities: HC
31 views0 comments
Dohit Muranjan
Aug 26, 20242 min read
Affiliation or recognition by regulatory authorities is not essential attribute of ‘education’ as defined in section 2(15): HC
Citation- Commissioner of Income Tax v. NIIT Foundation HC: Delhi ITA No: 141 OF 2021 Assessment Year: 2014-15 Date of Order- July 26,...
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