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Trust and NGO Income Tax Under ITA 2025: Section 12AB, Section 11, Section 80G & Form 10BD
Charitable and religious trusts, educational institutions, hospitals, and non-governmental organisations operate under a completely different income tax framework from businesses and individuals. ITA 2025 Sections 11-13 and 10(23C) provide substantial income tax exemptions for qualifying...
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Section 8 Company -Features & Exemptions
It is a company registered under Section 8 of the Companies Act, 2013 for the purpose of promoting art, commerce, science, education, research, sports, social welfare, charity, protection of environment, religion or any such other object, provided the profits, if any, or other income is applied for...