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Topicin Personal Finance

Tax Liability

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Tax Liability for Trusts, Political Parties Nearly Triples to ₹1,043 Cr
Personal Finance

Tax Liability for Trusts, Political Parties Nearly Triples to ₹1,043 Cr

Entities filing ITR-7, which include charitable trusts, universities, and political parties, saw their total income tax liability jump from ₹356 crore in Assessment Year (AY) 2021-22 to ₹1,043 crore in AY 2025-26. This nearly threefold increase over five years signals growing financial obligations for these significant institutions.

1d ago·1 min readListen
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