When doing good does harm? A paradox of amendments for Charity Sector.

The Income-tax Act has a handful of provisions relating to the taxation of charitable and religious trust. These provisions have collectively witnessed more than 30 amendments in last 1 decade and more than 80 amendments since 1961. Although the intention of the legislature behind such amendments is to rationalise the provisions and to eliminate the possibility of double deduction while calculating application or accumulation. But it seems that these amendments rather than bringing clarity on thThe Income-tax Act has a handful of provisions relating to the taxation of charitable and religious trust. These provisions have collectively witnessed more than 30 amendments in last 1 decade and more than 80 amendments since 1961. Although the intention of the legislature behind such amendments is to rationalise the provisions and to eliminate the possibility of double deduction while calculating application or accumulation. But it seems that these amendments rather than bringing clarity on thtaxmann.com Latest ArticlesRead More

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