Post by: Renu Suresh in Income Tax
Anonymous Donation - Section 115BBC of Income Tax Act This article provides a guide to Section 115BBC of the Income-tax Act. The section deals with the taxability of income about Anonymous donations received by the charitable trusts. Often, charitable institutions…
Post by: Mansi Sawant in Aadhaar Government Initiatives Legal Not-for-Profit
Difference between NPO and NGO There are various NPOs and NGOs that have a sole mission to make the world a better place. Some organizations are set up by a group of individuals to serve society. They can be…
Post by: Arnold Thomas in Income Tax
Budget 2020 - Changes to Charitable Trust and Institution The Finance Bill 2020 has come up with some of the major changes which tend to affect the Charitable Trusts and Institutions registered under Section 10(23C) of the Income Tax Act.…
Post by: IndiaFilings in Compliance Income Tax
Charitable Trusts - Taxability and Tax Return Filing A charitable trust is a type of entity formed to provide the public with religious or humanitarian facilities. Trusts that are formed for charitable or religious purposes and not intended to do…
Post by: IndiaFilings in Not-for-Profit
Registration of Charitable Trust Public charitable trust can be created in India can be created by any person who is competent to contract for purposes which include relief of poverty, education, medical relief, the advancement of any object of general…
Post by: IndiaFilings in Not-for-Profit Personal Finance
Tax Exemption for Charitable Trust A Trust is an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner, or declared and accepted by him, for the benefit of another.…
