The earning of profit per se would not disentitle the Trust, for exemption under sections 11 to 13 of the Act, unless the facts of the case warrant that the funds of the Trust have been misappropriated by the Trust. …
Some trusts, institutions, and funds faced challenges in submitting their reports in the correct form. As a result, the CBDT has granted these entities an extended deadline to file their audit reports in Form 10B/10BB by 10 November 2024. The …
CBDT Circular No. 3/2024 Dated 6th March 2024: Eligible donations made by a trust or institution will now be considered as an application for charitable or religious purposes only to the extent of 85% of such donations. LISTEN THE CIRCULAR …