Case: M-S. SeyyIidmadani charitable trust vs the CIT (EXEMPTIONS), ITAT Bangalore Listen to the case summary M-S. SeyyIidmadani charitable trust vs the CIT (EXEMPTIONS), ITAT Bangalore here Background The assessee is a trust which came into existence vide deed of trust dated 7.1.1981. Its objects are enumerated as providing education. The assessee applied for grant … Continue reading Whether the order of CIT (exemptions) rejecting the grant of registration under section 12AA of the Income Tax Act to the assessee valid or not?
Startups in India qualify for a host of benefits including exemption from certain taxes. However, in order to qualify for such exemptions, a startup needs to be covered under the definition of an `eligible startup’ as per the Startup India Action Plan launched in 2016. Eligibility Startups need to meet the following criteria to be … Continue reading Startups, Taxation, and Angel Tax
Case: Ideal Education Society Ghaziabad vs Addl. CIT Ghaziabad, ITAT Delhi Listen to Ideal Education Society Ghaziabad vs Addl. CIT Ghaziabad case summary and stay updated any time anywhere: Background: The assessee was registered as a society and charitable trust. It provided the following facilities to its students: Education for various professional courses Hostel and transportation facilities … Continue reading If a trust (u/s 12 AA) offers hostel and transport facilities can it get tax exemption?
Every morning you start your day motivated and inspired to finish the prescribed work and maybe more. After five minutes, more or less, bam! You find that you are gawking clumsily into the computer screen with Facebook open and looking for any gossip you can get your hands on. And if access to a large … Continue reading Mere Paas 80RR hai!