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Compliances of Charitable Institutions under the Income Tax Act, 1961 [12A & 80G]

By
Team Bilimoria
December 16, 2022

In India, institutions set up for social causes and approved by the Income Tax Department get not only exemption from tax payment but also the donors to such trusts can deduct the amount of donation to the trust from their taxable income. Companies formed under Section 8 of the Companies Act 2013 for promoting charity also receive benefits under the law, including exemption from various procedural provisions of the Companies Act, either wholly or in part, and are also entitled to such other exemptions that the Central Government may accord through its orders. Charitable institutions have to comply with multiple statutory filings, reporting and audits.

To know more about charitable institutions, refer article:- Article

This article looks into compliances under section 12A, 80G with amendments effective from the Financial year 2021-22 & various annual compliances within the ambit of the Income Tax Act, 1961 (‘Act’).

Charitable Trusts enjoy various exemptions under the Act so that the donations and funds received by them are wholly utilized for social and charitable purpose. However, these exemptions come with few governances in the form of additional tax reporting. Utmost precaution shall be taken by the Trusts to ensure timely and complete tax reporting to function smoothly.

Authors:

Shreyans Dedhia

Partner | Email: shreyans.dedhia@masd.co.in | LinkedIn Profile

Kirtan Patel

Associate Consultant | Email: kirtan.patel@masd.co.in |LinkedIn Profile

Vishwa Dhruv

Associate Consultant | Email: vishwa.dhruv@masd.co.in | LinkedIn Profile

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June 24, 2025

Team Bilimoria

TAXATION OF INFLUENCERS AND CONTENT CREATORS: THE NEW FRONTIER

In recent years, the rise of social media has given birth to a new and powerful profession: AN INFLUENCER What began as individuals sharing their personal lives, opinions, and talents online has now evolved into a full-fledged marketing industry. Influencers are people with a dedicated following on social media platforms like Instagram and YouTube who partner with brands to promote products and services in a relatable & authentic way. This form of marketing, known as influencer marketing, has gained immense attraction due to its ability to reach niche audiences and drive engagement.

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June 23, 2025

Team Bilimoria

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) is outlined in Section 135 of Companies Act, 2013 and has been made mandatory for the companies following the specified criteria from April 1, 2014. CSR Activities were introduced with an intention to allow companies to contribute to the social, environmental, and economic development of the country.

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