Introduction: Income tax returns can be daunting for individuals and entities alike, especially when navigating complex sections like 11 and 12. These sections hold significance for trusts, institutions, and charitable organisations, outlining conditions that dictate their tax treatment. In this blog, we’ll explore the conditions for the applicability of Sections 11 and 12 in income … Read more
Introduction: Understanding Income from Contributions can be a complex affair for trusts and institutions, especially when it comes to reporting income from contributions. Understanding the nuances of this aspect is crucial for ensuring compliance with tax regulations while maximizing the benefits available. In this blog, we’ll delve into the intricacies of reporting income from contributions … Read more
Income from property held for charitable or religious purposes. Introduction: The Income Tax Act stands as a cornerstone legislation dictating the taxation protocols for income across different jurisdictions. Within its intricate framework lies Section 11, a pivotal segment governing the taxation of income derived from property held for charitable or religious purposes. This article endeavours … Read more
How To Get TDS Refund Introduction: How To Get TDS Refund Tax Deducted at Source (TDS) is a mechanism through which the government collects tax at the source of income generation. Sometimes, taxpayers end up depositing more TDS than necessary, leading to a TDS refund. In this blog, we’ll delve into the intricacies of TDS … Read more
Introduction: 9A-Certain activities not to constitute business connection in India Foreign portfolio investors, also known as foreign institutional investors, often face challenges in determining the characterization of income arising from transactions in securities – whether it qualifies as capital gain or business income. Additionally, fund managers managing the investments of such investors often remain … Read more
