The Statement to be furnished to the Assessing Officer/Prescribed Authority under clause (a) of the Explanation 3 to the third proviso to clause (23C) of section 10 or under clause (a) of sub-section (2) of section 11 of the Income-tax… Read More
National CSR Exchange Portal
National CSR Exchange Portal is an initiative of Ministry of Corporate Affairs. The National CSR Exchange Portal as a PAN based E-Marketplace for CSR stakeholders in which the implementing agencies and the CSR spending companies can work together. The National… Read More
Section 12AB and 80G (New Registration Process for NGOs)
Latest News; Deadline for 12A and 80G renewal under new provisions has been extended till 31st August, 2021. The Finance Act, 2020 brought certain changes in the provisions related to NGOs in India for the new as well as already… Read More
80G Donations in Cash
As we know that the major portion of income of a Charitable Trust are donations. Donations may be corpus fund donations or voluntary contributions. Corpus fund donations are not included in the total income of a Charitable Organization, but taxability… Read More
Benefits of 12AA and 80G in an NGO
The various benefits of section 12AA Registration are enumerated as below: The income applied for charitable or religious purpose will be considered as application of income i.e. expenditure incurred for charitable and religious purpose will be allowed while… Read More
FCRA Cancellation
The home ministry served notice to around 6000 NGOs for not filing their annual returns for five consecutive years and can lead to their license cancellation for receiving foreign donations, home ministry official said on monday. The Show cause notices… Read More
NGO Registration
In order to get the minority status Educational Trusts and Societies will be required to get themselves registered as NGOs with the NITI Aayog, without taking into consideration their desire of receiving government aid or not. For the purpose of… Read More
Trust Registration in Delhi
What do you understand by term “Trust” A Trust is a type of NGO which can be created by minimum 2 members competent to enter into a contract(only a person who has attained the age of 18 years can become… Read More