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Taxation

Latest Article

Archita Bhattacharjee
| Date: May 27, 2020

Forfeiture of Exemption...

Are you aware that charitable institutions may be impacted by loss or giving up something as a penalty for wrongdoi...

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Archita Bhattacharjee
| Date: May 23, 2020

Audit of Charitable tru...

Overview on Audit of Charitable Trust The main objective of auditing charitable institutions is to allow the assess...

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Archita Bhattacharjee
| Date: May 22, 2020

Cancellation Grounds fo...

We all are aware that Section 12AA of the Act proposes methods of granting registration of charitable trust or inst...

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Archita Bhattacharjee
| Date: May 21, 2020

New Registration Proced...

Section 12A (1) a/aa/ab provides new registration of trust where a trust or an institution has granted registration...

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Professional Advisory Services
Archita Bhattacharjee
| Date: May 20, 2020

TDS Provisions & R...

TDS means Tax Deducted at Source – “Collection of tax at the source from where an individual's income has...

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Archita Bhattacharjee
| Date: May 19, 2020

Paid Donations: Guide o...

A charitable donation is a commonly known fact that an individual or an organization offers to a non-profit institu...

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Archita Bhattacharjee
| Date: May 15, 2020

Investment by Trust �...

It is well-known that establishing trust is a method of passing on any wealth or assets that you may own. It will e...

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Archita Bhattacharjee
| Date: May 13, 2020

Business Income &...

There is no prevention on a charitable trust carrying on any business, where business is a concern that can be held...

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Archita Bhattacharjee
| Date: May 11, 2020

Capital Gains of Charit...

Capital gains tax of Charitable Institutions is a charge assessed on the difference between the ‘sale price’ of...

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Archita Bhattacharjee
| Date: May 09, 2020

Application & Accu...

According to the applicability of Income Tax Act regimes, assessee is allowed to accumulate up to 15% of the income...

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Archita Bhattacharjee
| Date: May 08, 2020

Accounting Treatment of...

The Accounting Standards apply to NGOs, even if some of their activities are not so commercial or of business natur...

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Archita Bhattacharjee
| Date: May 07, 2020

Trust is allowed for re...

Recently, the Income Tax Appellate Tribunal (ITAT) apprehended that any registration ‘under section 12AA’ of th...

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Archita Bhattacharjee
| Date: May 06, 2020

Setting off Excess Expe...

At the very beginning, legal platforms are of the opinion that, in case of a charitable or religious institution, t...

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Archita Bhattacharjee
| Date: May 05, 2020

Application of Income C...

On an essential note of taxation, any person earning income must pay taxes, which is generally known as Income ...

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