Income Tax on Charitable or religious trust

Free Study Material on Income Tax on Charitable or religious trust

Form 10 can be filed manually with Assessing Officer if not available online : ITAT

CBDT condones delay in filing of audit report in Form 10B by trust/institution for AYs 2016-17 & 2017-18 : Circular No 10/2019

New audit report Form 10B for Trust/Institution : CBDT Draft Notification Dated 21.05.2019

Procedure to Grant Registration u/s 12A of Income Tax Act

Section 12AA Registration cancellation : CBDT Clarification

Section 128 of Finance Act 2018 : Insertion of new section 12A

Section 147 of Finance Act 2018 : Amendment of section 12A

Registration under section 12A and 80G of Income Tax Act

Exemption from Service tax to religious trust registered under Section 12AA of Income tax act is not unconstitutional

Income Tax Judgments

Trust Registration can not be rejected even if income in excess of expenditure : HC

Newly Registered Trust is entitled for registration u/s 12AA even if no activity is carried on : SC

Sec 12AA Registration cannot be denied to trust established to comply CSR obligations

One bogus donation could establish that activities of trust are not genuine : SC

Specific corpus donation not taxable even if trust wasn’t registered u/s 12A : ITAT

Trust Registration deemed to be granted if CIT failed to dispose off sec. 12AA Application within 6 months : BANGALORE ITAT

No section 12A registration if Society formed only for benefit of Christians Community

Registration under section 12AA to be granted even if Trust have both charitable and religious objects

when registration under section 12A can be denied to school

Registration under Section 12AA cannot be denied because of minority status