trust_registration

Trust Registration Can’t be Denied for Non Filing of Return in Past

Section 12AA of the Income Tax Act provides for procedure of registration of a charitable trust. As per the rule, the application is submitted...
trust_exemption

Trust: 7 Rules of Accumulation of income Everyone Should Know !

Charitable trust or religious trusts are given exemption on income earned and utlised for charitable purpose. In other words,the charitable trust is given exemption u/s 11...
charitable_trust

Meaning of Word Property for Section 11

Section 11 of the Income Tax Act provides law about the taxation of income of a charitable or religious trust of institution  The word used in section...
trust_exemption

Application of Income by Trust may not Mean Spent !

Application of income of trust for charitable purpose is the fundamental condition for being eligible to exemption u/s 11 & 12 of the Income...

6 Situation in Which Trust Property Deemed Utilized by Prohibited Persons !

The trust exemptions under Income Tax Act have been misused a lot. Therefore, the government has brought in various kinds of restriction, specially for...
trust_exemption_lost

Trust Exemption Lost , if It Spends on These Persons !

Trust is allowed exemption u/s 11 and 12 of the Income Tax Act , however the exemption is allowed only when various conditions which...
trust_exemption

12 Conditions For Charitable Trust Exemption !

Section 11 provides exemption to income of registered charitable trust or religious trust whereas section 12 of the I.T.Act is all about the taxation of contribution received by the trust. For easy...
charitable_trust

Trust: No Head Wise Computation of Income !

Contrary to general belief that when one computes income under Income Tax Act, one has to compute income first head wise and then aggregate it to...
trust

Charitable Trust : What is Actually Tax Free ?

While it is widely known to the public that income of a charitable trust or institution having charitable purpose objective  is tax free u/s 11 of...
trust

Section 11 : Who Can Claim Exemption ?

Exemption to trusts set up for  charitable purpose or religious purpose is provided exemption under section  Section 11 and 12 of the Income Tax...
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