Charitable and religious trusts play a vital role in social development and welfare in India. They work to provide education, healthcare, poverty alleviation, disaster relief, […]
Charitable Trusts
Trust Tax Rules: Excess Expenses Over Income and Escaped Income Clarified
Reopening of assessments is an important aspect of taxation laws, meant to ensure that cases of escaped income are properly examined. In principle, tax authorities […]
Tax Benefits for Charitable Trusts in 2024-25: What You Need to Know
The Union Budget of 2024-2025, delivered by the esteemed Finance Minister, Smt. Nirmala Sitharaman signals a paradigm shift in the taxation landscape for charitable organisations. […]