Charitable Trust's Tax Exemption Based on Proposed, Not Actual Activities

Charitable Trust's Tax Exemption Based on Proposed, Not Actual Activities

In this case Supreme Court recently clarified important questions regarding registration of charitable trusts under Section 12-AA of the Income Tax Act. In the event a charitable trust is applying for income-tax exemptions under Section 12-AA, India’s top court held that authorities must make certain its intended activities comply with its stated charitable objects. Trusts must meet a 3-pronged test, Supreme Court has clarified that simply registering under Section 12-AA doesn't automatically grant a trust exemption under Sections 10 and 11 of the Act. If it fails to provide convincing materials, authorities can refuse exemptions.

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