NGO news

Drastic changes in FCRA & rules relating to Charitable Trusts/NGOs causing undue hardship

Mumbai BJP Professional Cell has written a letter to Shri Amit Shah Ji and requested to lookint0 Drastic changes made in FCRA and related rules relating to Charitable and Religious Trusts (Trusts/NGOs) are  not proper and causing undue hardship to NGOs. Mumbai BJP Professional Cell Dated- 29th May, 2021 To, Shri Amit Shah Ji, Honorable [...

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Posted Under: Fema / RBI | ,

NGOs urges Fin Min to continue tax exemptions for them in DTC

An NGO has urged Finance Minister Pranab Mukherjee to continue tax exemption for them in the proposed Direct Taxes Code in order to encourage non-profit organisations to undertake welfare activities. "Taxes will put a constraint resource generation of charitable bodies and reduce their ability to undertake welfare activities," Tax Payers ...

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Posted Under: Fema / RBI |

FM holds Pre Budget Consultations with Different Non Governmental Organisations

Union Finance Minister Shri Pranab Mukherjee held a meeting with different Non Governmental Organizations (NGOs) to get their inputs for General Budget 2011-12, here today. This was the fourth meeting in the series of pre-Budget consultations held by...

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Posted Under: Fema / RBI |

Government set to frame new accounting norms for non-governmental organisations (NGOs)

The government is set to frame new accounting norms for non-governmental organisations (NGOs), as it looks to remove the veil over the flow and utilisation of funds by the sector that is not entirely above suspicion. The ministry of corporate affairs...

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Posted Under: Fema / RBI |

Registration of Voluntary Organizations and NGOs for assistance under Investor Education and Protection Fund

The Ministry of Corporate Affairs has established the Investor Education and Protection Fund under Section 205C of the Companies Act, 1956 to undertake various activities for creating awareness amongst the investors. The Ministry invites credible vol...

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Posted Under: Fema / RBI |

NGOs getting Government aid are Public Authority and covered under RTI Act, 2005: Delhi high court

The Delhi high court has held that non-governmental organizations (NGOs) which get government funds should come under the purview of RTI Act making it mandatory for them to disclose information pertaining to their functioning. The term public authority has been given a broad meaning not only to include bodies which are owned, controlled o...

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Posted Under: Fema / RBI |

Bombay High court fined NGO 40 lakh

Taking a strict view of frivolous petitions that flood the courts, the Bombay high court in an unprecedented move has ordered a city-based organisation, the Bhrastachar Nirmoolan Sanghatana , to pay Rs 40 lakh as legal costs after dismissing its public interest litigations against a super-luxury tower on Peddar Road...

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CBI raided seven places of former Income Tax commissioner

The anti-corruption wing of Central Bureau of Investigation (CBI) conducted seven raids, including four in Vidarbha, after they arrested a retired income tax officer in Mumbai for his alleged involvement in raising fund for his NGO misusing his official powers while serving as I-T commissioner between 2001 and 2009....

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Posted Under: Fema / RBI |

IT dept refuses to disclose info on IAS officials under RTI

The Central Information Commission feels that details of property belonging to government servants and even judges of the high courts and the Supreme Court are subject to the purview of the Right To Information (RTI) Act but some government departments, including the Income-Tax department, seem to think otherwise....

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Posted Under: Fema / RBI |

Adopt an Animal, GET I-T Relaxation

Adopt an animal by paying for its upkeep at the Nandankanan Zoological park and get relaxation in income tax here. The adopters will get the benefit under Section 80G of the Indian Income Tax Act, zoo director Ajit Patnaik told reporters on Friday at the launch of the programme to boost the park's conservation programme....

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Posted Under: Fema / RBI |

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