CBDT Circular on Form 10B & 10BB - Relief for Filing wrong audit report under Form 10B & 10BB
CBDT Circular on Form 10B & 10BB - Relief for Filing wrong audit report under Form 10B & 10BB
Any part of its income applied by Trust for the benefit of any particular Religious Community or Caste is considered as Specified Violation.
Any part of Trust income applied for Private Religious Purposes is considered as Specified Violation
Non-maintenance of separate books of account in respect of the business, which is incidental to the attainment of i ...
Principal Commissioner or Commissioner of Income Tax can cancel the trust registrations in specific circumstances.< ...
Funds accumulated for specific purposes shall become taxable, if not applied for such purposes Attachment Link
The last date for filing Annual Return under FCRA, 2010 in Form FC-4 is 31st December. Non-compliance may face penalty, cancelation or procesuction.
Cancellation Powers of CIT under Income Tax Act
Inter-charity donations cannot be made from accumulated funds Attachment