Capital gain exemption available even if investment is done by availing housing loan

Assesseeto get his accounts audited under Income Tax Act compulsorily:

Whether payment to non-resident towards purchase of advertisement space for resale to advertisers in India is liable for TDS?

Whether direct nexus between sale consideration of old property and investment in new property is needed for capital gain exemption?

Purchasing house property by availing bank loan make capital gain exemption invalid?

Capital gain exemption available even if investment is done by availing housing loan

Employees’ contribution to PF paid beyond due date under PF Act but within due date under section 139(1) was allowable in view of second proviso to section 43B

Whether corpus donation to other trust can be treated as application of income?

Taxability of Gift U/s 56(2)(vii)

Section 13(1)(b) applies only to trusts which are purely for charitable purposes

For registration u/s 80G, there is no condition that education should be imparted free to become a charitable purpose,

Assessee-trust did not cease to be a public trust merely because all its trustees are members of one family

INVOICING UNDER GST

If one of the objects is not “charitable purposes” within the meaning of s. 2(15) then also exemption u/s 11 & 12 will be available

GST ON ADVANCES

Activities performed by the assessee are regulatory functions for the public good, and any collection of fees or charges in the course of discharging these regulatory functions cannot be viewed as a consideration for rendering these services

Registration of charitable trust cannot be denied for the reason that

CIT not justified in rejecting registration u/s 12AA for the reason that trust is making systematic profits year after year