« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Slabs FY 2023-24 & AY 2024-25 (New & Old Regime Tax Rates)  How can Form 15G & Form 15H save TDS on interest income?  How are e-filing and e-payment of taxes different? Know details here  Income Tax return (ITR) filing 2024: What is Form 16, when is issue date and why is it crucial? Explained  Step-by-Step Guide To File Income Tax Return FY 2023-24  Income-tax filing: Should you file your returns in April or wait until July 31?  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues «  Non-resident employer on his total income-employer will be... Big power projects may get longer tax breaks... » Meaning of the term "Charitable" u/s 65(105)(zzze) of the F. Act,1994 (Service Tax) September, 23rd 2006 Central Board of Excise and Customs has clarifies the scope of the term "charitable" used u/s 65(105)(zzze), since "Club or association" engaged in the "charitable activity" are not liable to service tax. ( See circular no. Circular No. 84 /2/2006-ST dated 19-9-2006) The clarification goes as follows: The issue is whether any club or association that enjoys exemption under the provisions of Income Tax Act on the ground of being a public charitable institution gets automatically excluded from levy of service tax under section 65(105)(zzze) read with section 65(25a) of the Finance Act, 1994. 2. Exemption under the Income Tax Act on the ground of being a public charitable institution is of no consequence to levy of service tax. Levy of service tax is entirely governed by the provisions contained in the Finance Act, 1994 and the rules made thereunder. 3. The definition of "charity" and "charitable" as defined in Black's Law Dictionary may be kept in mind. "Charity" is defined as "aid given to the poor, the suffering or the general community for religious, educational, economic, public safety, or medical purposes", and "charitable" as "dedicated to a general public purpose, usually for the benefit of needy people who cannot pay for the benefits received". 4. The officer concerned should examine the matter on a case-by-case basis, and the decision should be made after taking into account all material facts and statutory provisions.