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...
♣ NGO (Non-Government Organization): A non-governmental organization (NGO) is an organization that is not part of a government. They are non-profit making, voluntary and service oriented organizations. Many NGOs now prefer the term Private Voluntary Organization (PVO). A non-governmental organization (NGO) is a legally constituted organization created by natural or legal persons that operates independently […]
NGOs stand for non-governmental organisations. In a general term, a non- governmental organisation is the one that operates independently of any government, typically one whose purpose is to address a social or political issue. For example, an NGO taking initiative by providing medical and educations awareness facilities in rural areas which benefit the society and […]
Dear readers, as you all know activities related to Social Welfare are part of our Society. Some peoples from society take this initiative to do Social welfare activities to help needy peoples. In the Current situation of COVID -19, the whole economy is in lockdown and the NGO of India has taken the responsibility along […]
1. CONCEPT OF CHARITABLE COMPANY/NGO’S: Charitable Company or Non Governmental Organization (NGO) is a group, organization, Non Profit establishment or non Profit association of individuals, activists, voluntary and social persons. Non Government Organization (NGO) is citizen based non–profit group works for social welfare and sustainable development. The main aim and objective of any NGO is […]
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 Protection & Welfare Society, said in a release.
DDIT(E)-II Vs. M/s. Rock Church Ministries (ITAT Hyderabad ) The purpose of section 13(1)(c) is to deprive a religious or charitable trust from exemption if it is found that its income is used or applied, directly or indirectly, for the benefit of the specified persons. Section 13(1)(c) carves out a general exception wherein the provisions of sections 11 and 12 will not operate on account of user or application of any income of the trust for any direct or indirect benefit of the any specified persons. It is an undisputed fact that the rent paid of Rs. 9,500 is not excessive even as per the old provisions of municipal. The assessee paid the rent as per the old municipal taxes. The present rental value would be much more than the rent paid by the assessee for the property having a building of 4000 sq. Ft. on a land admeasuring 15,000 sq. ft. that too in a prime locality in the city of Hyderabad. The market rent i.e., Rs. 80,000 per month as estimated by the Government Valuer is much more to the rent paid by the assessee. The Assessing Officer could not establish that the rent paid by the assessee is excessive and the rental value estimated by the Government valuer is incorrect. The contention of the Revenue that there is variation in the name in the municipal records and I.T. records is also baseless as the name in the municipal records is in abbreviated form.
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
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
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
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
