charitable trust

Charitable Trust :Filing Audit Report is Mandatory !

The charitable trust in India gets exemption as per section 11 and section 12 of the Income Tax Act.The various conditions including registration procedure is given in...
depreciation

Depreciation Allowable to Charitable Trust !

The usual opposition to such an idea of allowance of depreciation to a charitable society or trust is the thought that depreciation is associated...
charitable trust

Exemption to Trust Even For Business or Trading Activity Allowed ??

Exemption to Charitable trust comes with many conditions. In previous post , it was brought before readers that trusts are not allowed to have mixed  charitable...
how_to_create_private_trust

How to Create Private Trust For God or Deity !

Before enactment of Income Tax Act 1961 there was great controversy regarding the taxation of Hindu god or deity in whose name huge amount...
trust

Can Trust File Form 15G to Prevent TDS?

That filing declaration u/s 15G by person below 60 years of age is well known method of preventing TDS on interest income. The question...
private_trust

How A Private Trust is Taxed Under Income Tax Act?

Once upon a time ,the Trust used to be a tax saving tools.It was one of the most misused entity by big family oriented...
trust registration

Trust Registration for Tax Exemption Simplified !

The trust registration in India is required for claim of tax exemption under section 11 & section 12 of the Income Tax Act. However...
High_Court

Charitable Purpose: Seed Certification Is Not !

The amendment of definition of  charitable purpose  in section 2(15 ) was done by Finance Act 2008 because the evasion of tax in the...
trust

Trust :Can Accumulated Income Be Taxed in Subsequent Year?

The accumulation of income is allowed to a charitable trust u/s 11 with certain condition.The question is whether the accumulated income which was exempt in year...
trust

Charitable Trust: No Exemption if Some Objects are Charitable Whereas Others are Not !

Charitable trusts are allowed exemption u/s 11 if the objects of the trust are charitable or religious purpose. However , the issue raised before courts was...
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