Top Posts Tagged with #section 12a revocation

Charitable Trusts, Research Bodies Face Heat as CBDT Tightens Tax Scrutiny

A silent recalibration is underway in India’s tax machinery, and this time, it's charitable trusts and research institutions feeling the pressure. With over 3.14 lakh associations of persons flagged for scrutiny in their 2024-25 income tax filings, the Central Board of Direct Taxes (CBDT) has issued firm new guidelines. The move aims to plug revenue leaks and ensure that tax exemptions are not misused in the name of charity or scientific advancement.

#CBDT scrutiny 2024 #charitable trust tax exemption #Section 10(23C)#Section 12A revocation #India tax audit #research institutions tax rules #faceless assessment centre #tax exemption misuse #CBDT guidelines #income tax compliance India

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