2024-08-19 06:34:13
Old News. On July 14, 2021, the Central Board of Direct Taxes (CBDT) approved a five-year tax exemption for donations to the Patanjali Research Foundation Trust. The exemption applies to donations made between the financial years 2021-22 and 2026-27. [Link] NEEDS_MORE_RATINGS(5-1-4) Author
2024-08-19 06:59:21
Exemption on Tax Deduction for donations & not paying collected GST are two different scenarios. The Central Board of Direct Taxes has announced a five-year extension on tax deductions on donations to Patanjali Research. While IIT must file GST if they've collected it. [Link] NEEDS_MORE_RATINGS(6-0-2) Author
2024-08-19 07:00:19
NNN, this is not what community notes is for as even you agree it’s true but old news. Stop abusing CN and take it to the comments. NEEDS_MORE_RATINGS(1-0-2) Author
2024-08-19 08:15:32
Old doesn’t means fake or misleading. NEEDS_MORE_RATINGS(1-0-1) Author
2024-08-19 11:39:33
While the comparison is between the Direct and Indirect taxes which may not be correct, the key point is that an educational institution is taxed (GST) but a company running in the name of a trust enjoys exemption (IT). This is an opinion and should be rebutted in the comments. NEEDS_MORE_RATINGS(2-0-1) Author