Tag Archives: Charitable

Publishing of newspaper is not charitable activity,Not exempt

By | January 29, 2016

Held Publishing of newspaper is a commercial line which cannot be considered as charitable activity, so as to grant exemption u/s.11 of the Act. Accordingly, we are in agreement with the lower authorities and we deny the exemption u/s.11 of the Act. IN THE ITAT CHENNAI BENCH ‘A’ Murasoli Trust v. Assistant Director of Income-tax… Read More »

FAQs on Charitable Institutions and Income Tax

By | October 3, 2015

Charitable Institutions and Income Tax act 1961 Q.1 Are NGOs and other charitable and non-profit organizations entitled to claim tax exemption under income tax law in India? Are donors who contribute to such organizations also entitled to any tax deduction? Ans. Yes, such exemption is available to, (i) public charitable  trusts or other legal obligations, [Section 11/ 12A]… Read More »