Daily Archives: September 10, 2026

Investor Protection Fund Exempted As Payments Benefit Public and Trust Funds Are Irrevocable

By | September 10, 2026
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Investor Protection Fund Exempted As Payments Benefit Public and Trust Funds Are Irrevocable Investor Protection Fund Exempted As Payments Benefit Public and Trust Funds Are Irrevocable Issue Whether an Investor Protection Fund registered under Section 12A is entitled to tax exemptions under Sections 11 and 10(23EA) when compensating investors of defaulting members, whether corpus/eligible contributions… Read More »

Housing Board Fulfilling Public Housing Needs Qualifies as Charitable Under Section 2(15) Exemptions

By | September 10, 2026
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Housing Board Fulfilling Public Housing Needs Qualifies as Charitable Under Section 2(15) Exemptions Issue Whether the proviso to Section 2(15) read with Section 13(8) of the Income-tax Act, 1961 (and corresponding sections under the Income-tax Act, 2025) applies to a State Housing Board formed to satisfy the housing accommodation needs of the general public, thereby… Read More »