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CORPORATE CHARITABLE DONATIONS
To give, first get to know: Why India’s everyday generosity matters more than everIndia witnesses widespread everyday giving, with households contributing billions annually. While generosity is abundant, most gifts are ad...- On witness stand, Elon Musk accuses Sam Altman's lawyer of trying to trick himElon Musk is in court accusing OpenAI's lawyer of trying to trick him. The trial centers on Musk's lawsuit claiming OpenAI abandoned its mi...
- Word of the day: LargesseGenerosity on a grand scale, known as 'largesse,' signifies substantial financial gifts, aid, or donations. This formal term, rooted in Lat...
- Trump’s tax and spending plan may have quietly cut your salary and workplace benefits — here’s howTrump’s tax and spending plan changed company tax deductions, affecting employee perks and corporate charity. Free food, bike commuting, an...
- Income Tax Dept releases FAQs on tax deduction on donation under Section Section 80GDonating to charities offers tax benefits under Section 80G of the Income Tax Act. The Income Tax Department has clarified rules for these ...
- Is US facing a generosity crisis? What new Poll reveals about charitable donationsA recent poll reveals that while most Americans contribute to charities, donation amounts are often modest. Religious organizations and gro...
- Apple terminates several Indian workers in US for misusing charity donation programme linked to Telugu AssociationApple reportedly fired some Indian-origin employees for alleged misuse of the company's matching grants scheme. Some US-based employees, in...
- Apple terminates 185 employees over fraudulent use of Matching Grants programmeThe Los Angeles district attorney’s office found employees misusing Apple’s CSR programme. In the alleged scheme, employees pretended to do...
- Trusts fear new tax to shrink coffers, hurt charity workLarge trusts and non-profits are in dilemma as the March 15 deadline for advance tax approaches. The new law taxes the money given by large...
- Loopholes found in tax audit of charitable trusts"Certain trusts/ institutions are taking undue benefits by availing of the permissible accumulation of 15% out of the current year's income...
- Companies can fulfil CSR obligations by donating to PM CARES: Corporate Affairs ministryThe emergency fund was created by Prime Minister Narendra Modi on Saturday after his office received numerous requests from people for dona...
- Cash CSR donations face GST implicationsTax liability arises as legal definition of charitable activities is very specific
- 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...
- More women leaders, better Corporate Social ResponsibilityWhat's good for women is good for business and also for society, suggests a new study by researchers at Catalyst and Harvard Business Schoo...
- Indians lead among emerging mkts in charityIndian has emerged as one of the leaders in charitable giving among emerging markets, compared to other nations such as China and Brazil.
- Nadar now in big IT philanthropist league, doles out Rs 580 croreHCL founder Shiv Nadar donated over Rs 580 crore which will be used for education initiatives of the Shiv Nadar Foundation. India's most po...
- TechM boss Vineet Nayyar donates Rs 30 cr to charityThe 70-year old has donated a third of shares in the company worth over Rs 30 crore to a Delhi-based charitable organisation run by his wif...
- Charity ends when profits start kicking inIncome generated by charitable trusts from other activities has been brought under tax net. The move could impact many an institution.
- Benevolent cos must reveal charity trackInfo in tax returns filed by cos will help tax officials clamp down on outfits set up to siphon off funds.
- India Inc turns generous to survive tax axeFor Rs 22,000 crore of donations in 2005-06, India Inc has claimed tax breaks of Rs 3,519 crore.
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