Exemption u/s 80-g

Tax queries 361 views 2 replies

Query

Some rich agrawal persons created a trust, to provide madical help, specially to real poor agrawal families (who are in case of any medical help not capable to spend money for their treatment) but without any restriction to serve some other cast poor family. Trust is already regitered under public charitable trust act as well as U/s 12A of income tax act by then authority. now far exemption u/s 80-G, CIT exemption says that trust is working subtentially for a cast i.e. agrawal. and issued a show case why exemption to be granted to trust.

Whether view of CIT is justifed, what kind of remedy available to trust. whether any ciation is avialbe for such kind of situcation to get exemption U/s 80-G. 

Pls Reply

Replies (2)

This small publication  "Assesment of  charitable trust"  By It dept will help  you

https://www.incometaxindia.gov.in/booklets%20%20pamphlets/assessment-of-charitable-trust-and-institution.pdf 

Download and read it. This may be of help.

As per Section 80G(5)(iii) of Income Tax Act, the objection raised by CIT in substantive. You must approach a good Income Tax lawyer for early action in this regard. You need to file reply to the notice and take corrective steps.


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