Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Registration u/s 12AA - there is no provision for any type of free or concessional education to the poor and needy students rather the clauses in the Agreement makes it binding on the trust not to offer any discounts or concessions, trust cannot even grant credit to the needy students in case of financial crisis and the interest is chrgeble on day to day basis - Such type of activity cannot be considered as charitable activity - no registration
Registration u/s 12AA - there is no provision for any type of free or concessional education to the poor and needy students rather the clauses in the Agreement makes it binding on the trust not to offer any discounts or concessions, trust cannot even grant credit to the needy students in case of financial crisis and the interest is chrgeble on day to day basis - Such type of activity cannot be considered as charitable activity - no registration
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4915 
