Only Income from Violative Investment u/s 13(1)(d) is Taxable, Not Entire Income of Charitable Institution: HC

Retrospective Applicability of Section 12AA Exemption is Available Based on Grant of Subsequent Exemption under Deemed Registration Rule: IT

Income earned through incidental business activities and utilised for achieving the objectives of a Trust qualifies for exemption under Sect

Drafting an effective procurement policy is critical for Non-Profit Organisations (NPOs) to ensure transparency, accountability, and

Financial sustainability is vital for NGOs to ensure long-term impact and uninterrupted operations. By reducing dependence on external donor

The assessee was a public charitable trust registered under Section 12A of the Income-tax Act, 1961 (IT Act). Its primary charitable activit

The assessee, a public trust, applied for registration under Section 12A of the Income-tax Act, 1961 on February 6, 2006.

FCRA Return (FC-4): Things to keep in mind

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

HC: Anonymous Donations to Charitable cum Religious Trusts Exempt Under Section 115BBC

Cracking the FCRA Code: 5 Essential Dos and Don’ts for NGOs

Reopening of charitable trust's assessment based on 'mere change of opinion' is not valid

Rental income of charitable organization should be computed under section 11 after reducing repairs and maintenance expenses;

Citation- American Express (India) P. Ltd. vs. PCIT ITAT: Delhi ITA No: 2468 (Delhi) of 2023 Assessment Year: 2016-17 Date of Order-...

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...

Registration and compliance under state law is mandatory

Introduction: Form ITR 7 is a critical component of the tax filing process for Non-Profit Organizations (NPOs), including charitable...

By adhering to these ongoing processes and engaging the right professionals, NPOs can achieve a seamless year end audit experience.

Net profit and not gross receipts can be brought to tax if exemption under section 11 is not available: ITAT

Registration under section 12AA cannot be denied solely because the trust had not started its charitable activities: HC