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        Bills

        Simplification of tax provisions for charitable trusts/institutions

        1 February, 2025

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        Union Budget 2025-26 (Full) + Finance Bill, 2025

        C. SIMPLIFICATION AND RATIONALISATION

        I. Simplification of tax provisions for charitable trusts/institutions

        Income of any trust or institution registered under section 12AB of the Act is exempt subject to the fulfilment of the conditions provided in the Act. Section 12A provides for procedure to make application for the registration of the trust or institution to claim exemption under section 11 and 12. Section 12AB, provides for the procedure related to approval and cancellation of the registration for the trust or institution making application under section 12A. Section 13 provides that exemption under section 11 and 12 shall not be available to a trust or institution if such trust or institution does not fulfill the conditions specified therein.

         

        Full Text:

        Union Budget 2025-26 (Full) + Finance Bill, 2025

        Charitable trust tax exemption requires registration and compliance with application, approval and cancellation procedures under the law. Income of a trust or institution is exempt only if it meets statutory conditions and maintains registration; one provision governs the application procedure to obtain registration to claim exemption, another governs approval and cancellation of registration, and a separate provision disqualifies exemption where specified conditions are not satisfied.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Charitable trust tax exemption requires registration and compliance with application, approval and cancellation procedures under the law.

                              Income of a trust or institution is exempt only if it meets statutory conditions and maintains registration; one provision governs the application procedure to obtain registration to claim exemption, another governs approval and cancellation of registration, and a separate provision disqualifies exemption where specified conditions are not satisfied.


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