Charitable Trusts Related Articles

Feb - 2022

09

Anonymous Donation - Section 115BBC of Income Tax Act

Anonymous Donation - Section 115BBC of Income Tax Act

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 accept anonymous donations (withou ...

Oct - 2021

05

Difference between NPO and NGO

Difference between NPO and NGO

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 Non-Government organizations or Non-Profit Organizations. Both NPO and NGOs functio ...

Mar - 2020

05

Budget 2020 - Changes to Charitable Trust and Institution

Budget 2020 - Changes to Charitable Trust and Institution

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. The present article tries to explain all the major amendment ...

Jan - 2018

03

Section 11 of the Income Tax Act - Exemption for Trusts

Section 11 of the Income Tax Act - Exemption for Trusts

Section 11 of the Income Tax Act - Exemption for Trusts Income received from a charitable/religious trust will be tax-exempt under Section 11, provided that the activity being performed is incidental to the attainment of objectives set by the trust/institution, and separate books of account are mai ...

Aug - 2017

23

Charitable Trusts - Taxability and Tax Return Filing

Charitable Trusts - Taxability and Tax Return Filing

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 commercial activities are allowed various benefits u ...

Jun - 2016

14

Registration of Charitable Trust

Registration of Charitable Trust

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 public utility, etc., A public trust can be re ...

Apr - 2015

18

Tax Exemption for Charitable Trust

Tax Exemption for Charitable Trust

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. Charitable Trusts and Section 8 Company are eligible for tax exemption ...

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