NISHITH.TV
  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • Munich
  • New York

Locations

  • Mumbai
  • Silicon Valley
  • Bengaluru
  • Singapore
  • Mumbai BKC
  • New Delhi
  • Munich
  • New York
  • Content
  • Home
  • ABOUT US
  • NDA in the Media
  • Areas of Service
  • Research and Articles
  • Opportunities
  • Contact
  • NDACloud
  • Client Access
  • Member Access
  • Events and Calender
  • How we perform
  • Knowledge anywhere, anytime
  • See our recent deals
  • Up to date legal developments
  • Case studies in M&A

Research and Articles

HTMLPDF

  • Research at NDA
  • Research Papers
  • Research Articles
  • NDA Think Tanks
  • NDA Hotline
  • New Ali Gunjan
  • Japan Desk ジャパンデスク

NDA-Hotline


  • Debt Funding in India Series
  • Private Equity Corner
  • The Startups Series
  • Court Corner
  • Investment Funds: Monthly Digest
  • Insolvency and Bankruptcy Hotline
  • Deal Destination
  • New Publication
  • M&A Interactive
  • Lit Corner
  • Private Debt Hotline
  • Food & Beverages Hotline
  • Companies Act Series
  • Gaming Law Wrap
  • Private Client Wrap
  • GIFT City Express
  • Regulatory Hotline
  • Capital Markets Hotline
  • Tax Hotline
  • Corpsec Hotline
  • Dispute Resolution Hotline
  • M&A Hotline
  • Pharma & Healthcare Update
  • Competition Law Hotline
  • HR Law Hotline
  • IP Hotline
  • Telecom Hotline
  • FEMA Hotline
  • Social Sector Hotline
  • iCe Hotline
  • SEZ Hotline
  • Media Hotline
  • Funds Hotline
  • Education Sector Hotline
  • International Trade Hotlines
  • Other Hotline
  • Real Estate Update
  • Realty Check
  • White Collar and Investigations Practice
  • Legal Update
  • IP Lab
  • Cross Examination
  • Technology & Tax Series
  • Technology Law Analysis
  • Yes, Governance Matters.
  • Financial Service Update
  • Japan Desk ジャパンデスク

Tax Hotline

November 8, 2001

Budget may opt for fewer depreciation rates and tighten tax exemption norms for charitable institutes

The Budget 2002 is likely to rationalise depreciation rates as well as reduce and streamline tax exemptions given to trusts, charities and non-profit organizations (“NPOs”). The revenue department has set up two internal groups to study the provisions on depreciation and on tax exemptions for NPOs, respectively. The reports of the Groups are expected to be used as inputs for the next Budget.

The Group on depreciation will examine the justification for the accelerated and multiplicity of depreciation rates. Currently, the depreciation rates vary from 5 per cent to 100 per cent for different items and different sectors. It is perceived that depreciation has become a fiscal incentive tool since accelerated depreciation leads to deferral of tax.

The Group on Trusts will be looking at reducing the tax exemptions given to NPOs and tightening the rules for obtaining such exemptions. The Group will consider the report of the Partha Shome Committee, earlier set up for examining the taxation issues in relation to NPOs. This report had recommended restriction of tax exemptions only to donative NPOs, i.e. those in which 90 per cent of the receipts are through donations. It also suggested bar on distribution of the net earnings to controlling individuals.

 
 

Source : The Economic Times, November 6, 2001

Mission and Vision


Distinctly Different

What's New


SEBI Settlement Order – Research Analysts Not to Provide Model Portfolio Products
Regulatory Hotline: May 18,2022
Effects of the pandemic on M&A - Episode 1
Audio : May 17,2022

Events


Webinars

Cyber Security: India Revamps Rules on Mandatory Incident Reporting & Allied Compliances
May 11,2022 - May 11,2022

This event is over. For event material please click here


Seminar

Navigating Disputes in India
February 26,2020 - February 26,2020

This event is over. For event material please click here


Round Table

Client Connect Series| Learnings from Amazon v. Future
August 26,2021 - August 26,2021

This event is over. For event material please click here

News Roundup


News Articles

Arbitration and Exchange Control Laws of India
March 31,2021

Quotes

Crypto Regulation : Make Haste Slowly on Crypto
May 10,2022

Newsletters


Regulatory Hotline

SEBI Settlement Order – Research Analysts Not to Provide Model Portfolio Products
May 18,2022

Yes, Governance Matters.

Shareholder activism: an ESG tool or a Founder's curse?
May 13,2022

Tax Hotline

Withdrawal of amount deposited in escrow account by buyer deductible from sale consideration
May 12,2022

  • Disclaimer
  • Content
  • Feedback
  • Walkthrough
  • Subscribe
Nishith Desai Associates@2016 All rights reserved.