Search Results for Tag : Trusts
Statute
Indian Trusts (Amendment) Bill, 2015(13.08.2015)
The Bill, introduced in the Lok Sabha, makes amendments to the Indian Trusts Act, 1882. The Bill suggests changes to update the Act, 1882 by removing .....
Tags : trusts, autonomy, trustee, bill
News
SEBI Notifies New Norms for Issue of REITs(20.12.2016)
SEBI has notified detailed guidelines for public issuance of Real Estate Investment Trusts (REITs) including allocation of units to institutional inve.....
Tags : SEBI, Real Estate Investment Trusts
ITAT, Mumbai: Tata Trusts to Continue to be Exempt from Payment of Taxes(29.12.2020)
Income Tax Appellate Tribunal, Mumbai has quashed revisionary orders passed by the Commissioner (exemptions), which would have resulted in three Tata .....
Tags : Income Tax Appellate Tribunal, Tata Trusts
SC: Educational Trusts For Profit Cannot Claim Income Tax Exemption(20.10.2022)
Supreme Court has said profit-oriented educational trusts or societies cannot claim exemption under the Income Tax Act. The court said that such educa.....
Tags : Supreme Court, education, educational trusts
Urban Improvement Trusts Not Entitled to Income Tax Exemptions: Supreme Court(15.10.2018)
Supreme Court has held that Urban Improvement Trust constituted under the Rajasthan Urban Improvement Act, 1959 is not a local authority within the me.....
Tags : Supreme Court, Urban Improvement Trusts
Supreme Court Seeks Former Tata Trusts head Venkataramanan's Response on Shapoorji Pallonji's plea(05.07.2019)
Supreme Court has sought reply from R Venkataramanan, a former managing trustee of Tata Trusts, on an appeal of Shapoorji Pallonji Group challenging .....
Tags : Supreme Court, Tata Trusts
Supreme Court Upholds Constitutional Validity of Amendments Related to Charitable Trust Registration(11.04.2022)
Supreme Court has upheld the constitutional legality of the recent amendments made in the Finance Act, 2020 with regard to the new provisions regardin.....
Tags : Supreme Court, constitutional legality, Finance Act, 2020, Income Tax Act, 1961, religious trusts
Notifications & Circulars
CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust/institution to another trust/institution for purposes of application of income(06.03.2024)
Any trust or institution registered u/s 12AA or 12AB of the Income Tax Act 1961 is exempt, subject to the fulfilment of certain conditions
In.....
Tags : Provisions, Application, donations, Trusts
Clarification regarding provisions relating to charitable and religious trusts(24.05.2023)
1. Income of any fund or institution or trust or any university or other educational institution or any hospital or other medical institution referred.....
Tags : Clarification, Provisions, Religious trusts