The Mumbai Income Tax Appellate Tribunal (ITAT) recently delivered a landmark ruling in the case of Mukesh Vasantkumar Chandan vs. […]
ITAT Ruling: Mumbai Tribunal Prevents Double Taxation in Presumptive Tax Cases Read Post »
Public trusts registered under the Maharashtra Public Trusts Act, 1950 are required to file Annual Accounts and Audit Report within
Delay Condonation Form – Mahacharity Read Post »
Public charitable trusts in India are currently facing a significant procedural hurdle when applying for the renewal of their registration
‘Irrevocable Clauses’ in Charitable Trust Registrations Read Post »
In the case of Roop V.K. Jain Foundation vs. The CIT (Exemption), Chandigarh, the Income Tax Appellate Tribunal (ITAT) Delhi
The Ministry of Corporate Affairs (MCA) has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) to promote the “ease of
MCA Amnesty 2026 (CCFS-2026) Read Post »
The Haryana government recently dealt with a major financial issue involving a suspected ₹590 crore fraud at the Chandigarh branch
Haryana Government Recovers ₹556 Crore After Bank Fraud Read Post »
India’s hospitality industry is facing an unprecedented level of regulatory scrutiny as the Income Tax Department leverages advanced technology to
Restaurant’s Rs 70,000 Crore Story Read Post »
Introduction Under the Maharashtra Public Trusts Act, 1950, a public trust is permitted to borrow money; however, the law imposes
Loan taken by Charitable Trust? Read Post »
1. Introduction The Maharashtra Public Trusts Act, 1950 (formerly the Bombay Public Trusts Act) serves as the primary legal framework
Public Trust through a Will Read Post »
You might have heard the old saying “Do not put all eggs in the same basket!”. In terms of investing,
BOND! FINANCIAL BOND! Read Post »
Under the Maharashtra Public Trusts Act, 1950 (MPTA), formation of a public trust in Maharashtra requires structured documentation and statutory
Registration of Public Trusts Read Post »
I. REGULATORY OVERVIEW AND LEGAL FRAMEWORK Section 115BBC of the Income Tax Act, 1961, represents a specialized tax regime aimed
Anonymous Donations – Section 115BBC Read Post »
