Thursday, June 20, 2019

Deities are Assessable as per Tax Rates applicable to Individuals: ITAT [Read Order]

The Pune ITAT, in a recent ruling, held that the tax rates applicable to individuals are also applicable to deities under the income tax law. The assessee is a Trust formed in 1968 and the object of the Trust inter-alia was the maintenance and upkeep of Shri Vijay Durga Devi Devasthan, Keri, Goa. Before the […]

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from Taxscan | Simplifying Tax Laws http://bit.ly/31JkXEx

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