IT Dept Cancels Its 80G benefits To PFI, Cites Violation Of Rules
Photo courtesy: Devdiscourse
The Income Tax Department has revoked the tax exemption benefit given to Islamic Organisation PFI after it found that its activities were allegedly not genuine as required to be undertaken by a legally notified charitable organisation.The department recently cancelled the registration of the Popular Front of India PFI granted under section 12AA 3 of the Income Tax Act, 1961.
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Read more at: https://www.devdiscourse.com/article/law-order/1614164–it-dept-revokes-charitable-org-tax-exemption-of-pfi
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- 16 Jun 2021
- WerIndia
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