Section 11 not apply in certain cases. (1) Not anything contained in section 11 or section 12] shall function with the intention to exclude from the whole profits of the previous 12 months of the man or woman in receipt thereof— (a) any a part of the profits from sethe assets held underneath a trust … Read more
Contents What is the term “Political Party?” What is Section 13A of the Income Tax Act? Which are the exemptions available for the political party? What are the conditions to avail of exemptions U/S 13A? How does a Political party furnish their return of income? What is the term “Political Party?” income of political parties … Read more
Introduction: Updated Income Tax Return In the realm of taxation, accuracy is paramount. However, even the most meticulous taxpayers can sometimes make errors or omissions in their income tax filings. To address this issue and ensure compliance, the concept of ITR-U (Updated Income Tax Return) comes into play. Updated Income Tax Return In this detailed … Read more
Process and Benefits of Charitable Trust Registration Online Establishing a charitable trust is a noble endeavour aimed at making a positive impact on society by addressing various social, cultural, educational, or humanitarian issues. If you’re considering starting a charitable trust, you may have questions about the registration process, costs involved, and the benefits it offers. … Read more
Introduction: Financial Compliance and Optimization In today’s globalised economy, businesses face a myriad of challenges when it comes to navigating the intricate landscape of duties, taxes, and financial regulations. From import/export duties to VAT/GST compliance and customs regulations, staying on top of these complexities is crucial for success. That’s where Duties Taxes Group (DTG) … Read more
