Taxmann's Analysis | Simplified Taxation Scheme for Charitable Trusts
Author | : Taxmann |
Publisher | : Taxmann Publications Private Limited |
Total Pages | : 16 |
Release | : 2024-07-22 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Taxmann's Analysis | Simplified Taxation Scheme for Charitable Trusts written by Taxmann and published by Taxmann Publications Private Limited. This book was released on 2024-07-22 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Union Budget 2024 approaches, Charitable Trusts hopes for simplification amidst past complex amendments. With the Budget set for July 23, 2024, this article discusses key suggestions for the finance minister to streamline taxation for charitable trusts, benefiting small charitable entities. The coverage includes: ‣ Unified and Simple Tax Regime ‣ Presumptive-like Scheme for Taxation of Charitable Trusts ‣ Provide a Definition of ‘Commencement of Activities’ ‣ Consequential Amendment to Section 13(9) ‣ Clarity on Applicability of Tax Audit under Section 44AB