Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Approval is granted to the Indian Institute of Information Technology Dharwad as a university, college or other institution for scientific research purposes under the Income-tax Act, 2025. The approval applies for tax years 2026-2027 through 2030-2031, subject to compliance with the prescribed conditions in the Income-tax Rules, 2026. The institution must prepare and submit an annual donation statement in Form 15 by 31 May following the tax year in which donations are received, and issue donors certificates in Form 16 stating the donation amount.
Approval is granted to the Indian Institute of Information Technology Dharwad as a university, college or other institution for scientific research purposes under the Income-tax Act, 2025. The approval applies for tax years 2026-2027 through 2030-2031, subject to compliance with the prescribed conditions in the Income-tax Rules, 2026. The institution must prepare and submit an annual donation statement in Form 15 by 31 May following the tax year in which donations are received, and issue donors certificates in Form 16 stating the donation amount.
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