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MAHARASHTRA CHARITABLE TRUSTS
I-T department to move Supreme Court against HC relief in public trust rowThe rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...
Why Tata Sons is facing pressure to go public | An explainerTata Sons is under pressure to list on the stock market. This comes from its shareholders and potential Reserve Bank of India rules. A boar...
HDFC Bank exit spotlights board failures; from Satyam Computers to Tata Trusts, governance gaps hit corporates and nonprofits alikeCorporate and social sector boards face governance challenges. Recent events highlight the need for competent, diverse, and cohesive boards...
Tata Trusts review trustee roles at two entities as Maharashtra law caps lifetime positionsTata Trusts is currently under the microscope due to its ongoing trustee appointments. Recent legislation in Maharashtra has placed limitat...
Tata Trust row deepens as Mehli Mistry seeks administrator for SDTTMehli Mistry, removed from Tata Trusts, has filed a complaint with the Maharashtra Charity Commissioner. He seeks an administrator for the ...
Tata Trusts row deepens as vice-chairmen allege concealment, forced resignationTata Trusts is in the spotlight as CEO Siddharth Sharma demands the resignation of vice-chairmen Venu Srinivasan and Vijay Singh. The two m...
Religion is no disqualification for trustees: Tata Trusts noteTata Trusts has opened its doors wider, confirming that non-Zoroastrians are eligible to serve as trustees of the Bai Hirabai JN Tata Navsa...
Tata Trusts row deepens as Venu Srinivasan exits Bai Hirabai Trust amid eligibility challengeVenu Srinivasan has resigned from the Bai Hirabai Jamsetji Tata Navsari Charitable Institution. This move follows a dispute over his eligib...
Old levy returns: Maha trusts may be asked to pay upMaharashtra's temple and religious trusts may soon contribute a portion of their donations to the state government, following the Bombay Hi...
Maharashtra extends deadline for submission of audited accounts by charitable trustsMaharashtra: The deadline for filing audited accounts for specified trusts in Maharashtra state is extended to December 31, 2024. "If trust...
View: Breeding mistrust against trustsThis is over and above the audit prescribed under the various state legislations - Bombay (Maharashtra) Public Trust Act, Gujarat Public Tr...
Grants, non-philanthropic donations received by charitable trusts to attract 18 pc GST: AARJayshankar Gramin Va Adivasi Vikas Sanstha Sangamner, a Charitable trust registered under Maharashtra Public Charitable Trust Act 1950, had...
Many charity hospitals misuse tax breaks: CAGMany charitable trusts receiving significant amounts in gross receipts were not being selected for scrutiny by the I-T department, accordin...
CAG questions Rs 3,000 crore of investments by two Tata trustsA detailed audit by the CAG of some major trusts run by business houses and sports bodies has allegedly revealed misuse of income tax exemp...
- High Court notice to MERC, MSEDC on Osho Foundation's plea
According to the foundation, it falls under the special category of charitable trusts and hence will pay bills as per the subsidised tariff.
- Leaked CAG report holds Vilasrao Deshmukh responsible for out-of-turn land allotment in 2006
The leaked part of State CAG report holds Vilasrao Deshmukh responsible for making an out-of-turn land allotment to his own trust when he w...
- Educational donations will not be taxed
The Income Tax Appellate Tribunal (ITAT) Mumbai has ruled that donations to educational institutions are exempt from taxation, if there is ...