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Charitable trusts and institutions have played pivot role in human and social development over the years, thanks to Income-tax Act, 1961 which provides relief from income-tax levy in India with so many conditions embedded therein. In the recent times, the provisions relating to charitable trusts and institutions have been subjected to frequent changes in pursuit of clarity and plugging of any loopholes therein.Charitable trusts and institutions have played pivot role in human and social development over the years, thanks to Income-tax Act, 1961 which provides relief from income-tax levy in India with so many conditions embedded therein. In the recent times, the provisions relating to charitable trusts and institutions have been subjected to frequent changes in pursuit of clarity and plugging of any loopholes therein.taxmann.com Latest ArticlesRead More