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The Income Tax Act contains various provisions that govern the taxation of charitable institutions, particularly when they cease to exist or convert into non-charitable entities. One such important provision is…
When it comes to taxation, timely compliance is crucial to avoid additional penalties and interest. Section 115TE of the Income Tax Act addresses the consequences of failing to pay tax…
Introduction Charitable trusts and institutions in India enjoy tax exemptions under various sections of the Income Tax Act, provided they comply with specific conditions. However, not all entities retain their…
When it comes to investments in securitisation trusts, understanding the tax implications is crucial for investors. Section 115TCA of the Income Tax Act, 1961, lays down the provisions for taxing…
In India, the securitisation market has become a key player in the financial ecosystem, allowing lenders to pool their receivables and transfer the risks associated with these assets to other…
In the world of taxation, timely compliance is crucial. This is particularly true for entities like securitization trusts, where income is distributed to beneficiaries, and taxes are levied accordingly. The…
The taxation of distributed income from securitisation trusts is governed by Section 115TA of the Income Tax Act. This provision establishes clear guidelines on how income distributed by securitisation trusts…
Section 115T of the Income Tax Act plays a crucial role in regulating the tax liability of Unit Trust of India (UTI) and mutual funds when they distribute income to…
Tax compliance is an essential part of any financial system, and timely payment of taxes plays a critical role in ensuring the smooth functioning of government revenue streams. To enforce…
Introduction Investing in mutual funds has long been a popular option for individuals looking to grow their wealth while benefiting from professional management. However, understanding the taxation aspect of mutual…