S. 12AA : Procedure for registration–Trust or institution-Surplus generated – Registration cannot be denied. [S.2(15)]
S. 12AA : Procedure for registration–Trust or institution-Surplus generated – Registration cannot be denied. [S.2(15)]
S. 12AA : Procedure for registration –Trust or institution-CSR activities are charitable in nature – Eligible for registration. [S.15, Companies Act, 2013, S.8]
S. 11 : Property held for charitable purposes-Business income Incidental to object of Trust-Providing transport to students and staff working for society is incidental to achieve object of providing education i. e. object of society and not in nature of business-Entitle to exemption. [S.2(15), 11(4A)]
S. 11 : Property held for charitable purposes-Surplus from the property held for charitable purpose–Cannot be taxed-When such activities done on such property are ancillary to the main object of the charitable organization-Corpus donation from members is entitle to exemption. [S.2(15), 11(1)(d), 12AA]
S. 10(1) : Agricultural income-Growing high yielding hybrid seeds — Agricultural activity-Entitle for exemption.
S. 9(1)(vii):Income deemed to accrue or arise in India-Fees for technical services–Management service fees from its Indian subsidiaries-Not taxable as fees for technical services and not as dividend-Reimbursement of expenses-DTAA-India-Swedish [S. 9(1)(iv), Art. 10, 12]
S. 9(1)(vi) : Income deemed to accrue or arise in India–Royalty-Computer software-Payment made to its foreign based AE for purchase of copyrighted software would not be termed as payment of royalty-Information technology support services-Lease line charges-Not liable to deduct tax at source–DTAA-India-USA. [S.195, Art. 12]
S. 4: Charge of income-tax-Capital or revenue-Subsidy received from Government is a capital receipt not chargeable to tax-Rule of consistency to be followed.
S. 4 : Charge of income-tax – Subsidy – Refund of octori-Capital receipt – Not chargeable to tax. [S. 2(24)(xviii) 43(1), 56]
S. 2(24)(xi) : Income-Business income-Key man insurance policy-Accrual or receipt basis-Bonus on Keyman Insurance Policy taxable on receipt basiS. [S. 5, 28(vi), 10(10DD), 145]