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Monday, April 13, 2009
K Shivakumar: Charities in the dock
K Shivakumar: Charities in the dock: "The amendments made to the Income Tax Act in respect of charities are a fine example of what the late Nani Palkhivala had to say about changes in the Act and how these will benefit none except the legal and accountancy professions. While there have been several reforms in the income tax process, nothing has changed for charities, indeed certain changes put the sector in a very disadvantageous position."
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