Income Tax : Section 349 is amended to permit belated return filing by NPOs through a reference to section 263(4). The change applies from AY 2...
Corporate Law : Learn the registration process for NGOs (Trust, Society, Section 8 Company) on the Social Stock Exchange (NSE/BSE), including elig...
Income Tax : Learn the step-by-step process of registering an NGO in India as a Section 8 Company and how to secure 12A and 80G registrations f...
Income Tax : New Income Tax Bill simplifies non-profit organization registration under a consolidated Chapter XVII-B, defining eligibility and ...
Corporate Law : Learn about Trust Registration in India for charitable initiatives. Understand the process, benefits like tax exemptions, and esse...
Fema / RBI : Mumbai BJP Professional Cell has written a letter to Shri Amit Shah Ji and requested to lookint0 Drastic changes made in FCRA and ...
Income Tax : An NGO has urged Finance Minister Pranab Mukherjee to continue tax exemption for them in the proposed Direct Taxes Code in order t...
Finance : Union Finance Minister Shri Pranab Mukherjee held a meeting with different Non Governmental Organizations (NGOs) to get their inpu...
Finance : The government is set to frame new accounting norms for non-governmental organisations (NGOs), as it looks to remove the veil over...
Company Law : The Ministry of Corporate Affairs has established the Investor Education and Protection Fund under Section 205C of the Companies A...
Income Tax : DDIT(E)-II Vs. M/s. Rock Church Ministries (ITAT Hyderabad ) The purpose of section 13(1)(c) is to deprive a religious or charitab...
Applicability of TDS on NGOs’ Payment: TDS is also applicable to the NGOs. There is no general exemption that Trust, Society or Non Profit Organizations are exempt from deducting and paying TDS. It depends on the Financial Transactions and limits of TDS specified every year in the Financial Act. Thus if NGOs makes payments to […]
Q. Whether all NGO (Trust/Society/Section 8 Company) are required to file application for Registration under new rules? Ans. Yes, All NGO already registered under section 80G,12A,12AA or 10(23c) or section 35(1) are required to file fresh application for registration under the specified form and manner. Q. What type of form available for registration? Ans. Form […]
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 […]
What is the NGO Darpan/Niti Aayog Registration? NITI Aayog, National Institution for Transforming India comes into existence on 1st January 2015 Any Voluntary Organization/Trust/Society/Non-Profit Organization (Section 8 Company as per Companies Act, 2013) required to get themselves registered in Niti Aayog/NGO Darpan Portal to keep themselves updated with the latest new government schemes receiving grants […]
NGOs work on the non-profit motto, and their activities and endeavors are covered by the donations and reliefs given by various sources including from foreign sources. However, foreign funding can’t be accepted and utilized if the mandate of the Foreign Contribution & Regulation Act, 2010 is not followed. On these lines, the present article is […]
Dear Friends, as we all know from past few years the Government departments are collecting many information from each entity/NGOs, so that a reliable database can be maintained. In this step, Niti Aayog department has launched NGO Darpan portal to maintain a centralized database of NGOs working in India. If you want to raise funding […]
When group of peoples wants to serve society and to do social welfare activities, then they need an organisation which has a separate legal entity to represent them all as a community. These organisations can be in the form of Trust/Society/AOP/ Section 8 company. As observed by us, many people incorporate these legal entities but […]
The Foreign Contribution (Regulation) Act (FCRA), 2010 (Act) regulates the acceptance and utilisation of foreign contribution by individuals, associations and companies. The Parliament has recently passed the Foreign Contribution Regulation Amendment Act, 2020, which is now in force since 29.08.2020. The amendments have been brought about to strengthen the compliance mechanism, enhance the transparency and […]
Like Trust and Section 8 Company, Society is also a legal form that NGO generally takes. A society is an association of several individuals combined for the promotion of a common cause without any monetary gain. Such form of organization is governed by the Societies Registration Act, 1860.
A trust can be either private or public. Private trusts are governed by the Indian Trusts Act, 1882 and are used for private purposes, such as running a private estate or institution. For doing a charitable work for public, Public charitable trusts can be set up. India doesn’t have a national level law to govern charitable trusts, […]
