“Understanding Section 11(4) and 11(4A): Business Held in Trust vs. Incidental Business”
June 3, 2024
Section 11(4A) governs incidental business, while section 11(4) governs business held in trust. (a) A charitable or religious organization’s lawful business activities are divided.…
Read more →Model Aims and Objectives of a Charitable Trust
June 2, 2024
Model Aims and Objectives of a Charitable Trust The aims and objectives of the charitable Trust are as under: (a) The trust is being…
Read more →Understanding Depreciation: Its Role in Financial Reporting and Taxation
June 1, 2024
INTRODUCTION TO DEPRECIATION The term ‘depreciation’ refers to the fall or reduction in the value of an asset over time due to wear and…
Read more →Format of Memorandum of Association
May 31, 2024
Format of Memorandum of Association Name of the society: The name of the society shall be………………………………….. Registered Office: Registered Office of the society shall…
Read more →Specified modes of investment or deposit under section 11(5).
May 30, 2024
Summary of sections which makes the investment mandatory: (a) Sections 11 to 13 and section 10(23C) do not provide a definition of the term…
Read more →Taxation when registration status is lost.
May 29, 2024
This last method of taxation arises in a situation where the registration status of the vehicle has been lost due to one reason or…
Read more →An Overview to Accreted Tax (Exit Tax) Under Section 115TD:
May 28, 2024
An Overview to Accreted Tax (Exit Tax) Under Section 115TD: Prior to the establishment of Section 115TD, no provision in the Income Tax Act…
Read more →Maintainence Of Books Of Account.
May 27, 2024
Maintainence of books of Account. √What Is Books of account “Books of account” are like the heart of a business’s record-keeping system. They’re not…
Read more →Understanding the model rules and regulations of the society
May 24, 2024
Model Rules and Regulations of a Society. 1] Name of the Society Name of the society shall be….. 2] Membership The membership of the…
Read more →Understanding Administrative Overheads in CSR.
May 23, 2024
Definition of administrative overheads in the context of CSR. Administrative overheads” is a defined term under CSR. Clause (b) of Rule 2(1) of the…
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