CBDT has instructed its officials to create a new database of charitable institutions to track their registration status under different provisions of the Income-Tax (I-T) Act. The intent is to eliminate discrepancies in tax filings and claims of exemption.
The AAR, Gujarat in the matter of M/s Vikas Centre for Development [Advance Ruling No. GUJ/GAAR/R/2022/50 dated December 30, 2022]…
The Hon’ble Supreme Court in M/s. New Noble Educational Society, v. The Chief Commissioner of Income Tax 1 [Civil appeal…
All charitable trusts, institutions, universities and other educational trusts and medical institutions are required to keep and maintain books of…
