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CHARITY TAX
Regulating charity without stifling it: The case for clearer rulesIndia's charity sector, vital for social needs, faces evolving regulations aimed at transparency. While scrutiny is accepted, current rules...- Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...
- 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...
- Trump Accounts app for kids goes live: Who qualifies for $1,000 government deposit, how parents can apply, launch date, app features, contributions and withdrawal rules explainedTrump Accounts for kids app explained: Parents can now access the Trump Accounts mobile app, a new government savings program for children....
- Bill Gates Foundation fully exits Microsoft, sells final $3.2 billion stakeAfter over 25 years, the Bill & Melinda Gates Foundation has divested its final 7.7 million Microsoft shares, valued at $3.2 billion. This ...
- Meghan Markle facing money crunch? Why the Duchess may be eyeing a major career move to solve financial burden as Prince Harry focuses on charityLiving in the ultra-exclusive California community of Montecito has long symbolized a fresh start for Prince Harry and Meghan Markle after ...
- Depositories can use part of IPF corpus income for trust costsSebi has proposed allowing depositories to use up to 5% of their investor protection fund (IPF) income for administrative and statutory exp...
- Sebi proposes allowing depositories to use part of IPF investment income for trust expensesAt present, stock exchanges are permitted to use a maximum of 5 per cent of the interest or income generated from IPF investments for meeti...
- Wealthy Americans rushed to gift money early—now new tax law leaves many regretting the timingMany rich families in the US gave away money early to save tax before rules changed. Later, the government made those tax benefits permanen...
- Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...
- 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...
- Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
- Don’t miss out: Smart last-minute tax moves to boost deductions before April 15Tax tips before April 15 deadline: With the April tax deadline approaching, organize your documents and explore deductions for retirement a...
- Buckeye Trust ruling: How a single clause drafted without sufficient precision in trust deeds can trigger tax risk and derail estate planningWhether in trust deeds, corporate agreements or commercial contracts, even a single clause drafted without sufficient precision can signifi...
- IRS tax 'gifts' for investors. How to claim benefits?Wall Street investors assume that selling a winning stock always triggers a tax bill. However, for those in the lower income brackets (up t...
- $1,000 for kids? New ‘Trump Accounts’ could benefit one million children - who qualifiesNew Trump Accounts could give $1,000 to eligible children. Millions are already enrolled, and many families may still sign up. The savings ...
- 90% of Americans miss this simple tax trick that can slash RMD pain — don’t be one of themMany retirees don’t know about a simple IRS-approved tax trick called a Qualified Charitable Distribution. It helps them give money to char...
- Shadow of tax over charitiesWith the Supreme Court on two separate rulings on the same day laying down the principles for an educational trust and a general public uti...
- Deal firmly with illegal charity: CBDT to IT departmentThe Board has also asked the I-T department to diligently and "delicately" separate wheat from the chaff and ensure that genuine acts of ch...
- Taxing charities: India needs better tax policy for charityOverall tax treatment must support rather than hinder voluntary work. Policy must prepare for enhanced and more intelligently crafted givin...
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