The Central Board of Direct Taxes (“CBDT”), vide Circular No. 16/2024 dated 18 November 2024, has issued revised guidelines for […]

Introduction Under the Maharashtra Public Trusts Act, 1950, a public trust is permitted to borrow money; however, the law imposes

What is  the meaning of charitable purpose?​​​​Section 2(15) of the Income-tax Act provides an inclusive definition of ‘charitable purpose’. It includes

For charitable and religious trusts in India, maintaining tax-exempt status requires strict adherence to how funds are handled. Under the