Income Tax

he Income Tax Act, 1961 encompasses Section 11 and Section 13, which serve to regulate the taxation of profits earned by charitable trusts or institutions. These entities are permitted to enjoy tax exemptions for their revenue as long as certain conditions are met. However, there are specific scenarios where Section 11 may not be applicable, […]

If you’re planning to establish a charity or philanthropic organization in India, it’s crucial to register for Section 12AB of the Income Tax Act to avail the tax exemptions and benefits provided under Indian tax laws. In this blog post, we’ll outline the steps involved in the process of fresh registration for income tax Section

If a benevolent or spiritual trust wishes to avail tax exemption on its earnings, it must register under Section 12AA of the Income Tax Act, 1961. Registration under this section is crucial to receive tax benefits as per Section 80G of the Income Tax Act. Here is a stepwise guide on how to register under

Income tax is a direct tax that is imposed on individuals or entities based on their revenue. The Income Tax Act of 1961 contains a multitude of provisions and sections that govern the taxation of income. Sections 11 and 12 of the Income Tax Act provide exemptions and deductions for income earned by charitable trusts

Trusts and institutions are not-for-profit organizations that are established to advance a social cause or provide public benefits. Though their primary objective is not centered on generating profits, these organizations require funding to operate and accomplish their goals. Contributions from donors are a significant source of income for trusts and institutions. Donations, grants, bequests, and

Computers have become an integral aspect of our daily lives and are utilized for a vast range of activities, including communication, entertainment, education, and business. Nevertheless, it is the computer programs or software that adds real value to these machines. In this article, we will explore the significance of computer programs in specific fields. A

Income derived from property held for charitable or religious objectives is a distinct concept in the realm of taxation. Charities and religious institutions commonly possess assets that are leveraged to advance their benevolent or spiritual objectives, including structures for worship or education, shelters for the homeless, or centers for community outreach. In principle, revenue produced

The North-Eastern part of India is a region comprising of eight states with immense potential for the expansion of industrialization. To encourage and promote industrial growth, the government has enacted specific measures. The North-East Industrial and Investment Promotion Policy (NEIIPP) of 2007 outlines the special provisions for certain industrial undertakings aimed at boosting industrialization, generating

Exporting specific items or products from one country to another requires adherence to particular laws and regulations. Governments worldwide may limit or restrict the export of specific goods due to reasons such as national security, environmental protection, or economic interests. Therefore, special provisions are established for the export of certain articles or things. The special

Entities with a primary focus on exporting goods and services to foreign markets are known as export-driven ventures (EDVs). To promote the growth of this sector, several governments have enacted . The aim is to offer these ventures a competitive edge and incentivize them to increase their production and export volumes. The tax exemption or