Daily Archives: March 5, 2012

Query- Tax treatment of Capital Gain on sales of Assets in charitable Trusts/NGO

Dear SRRF Dialogue members, We have received a new query under Income Tax,  from Mr. KPS Varadhan, HiH ”Please explain the profit on sale of Asset in NGO’s ?” Best regards, Tanvi Dogra SRRF Dialogue, Coordinator ____________________________________ Socio Research & Reform Foundation (A Non Government … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment

Recent Tax case decided favouring Charitable Trust

Printing of books held as incidental business activity thus allowed being exempt from Tax In a recent ruling in case of Bhartiya Vidyapeeth (Pune) decided by Income Tax Tribunal in Jan 2012, it was held that when a Trust is … Continue reading

Posted in FCRA, TAX, LEGAL | 1 Comment