by the Banking Institutions. The lending to agriculture sector include Farm Credit (Agriculture and Allied Activities), lending for Agriculture Infrastructure and Ancillary Activities. Farm Credit – Individual farmers Loans to individual farmers and Proprietorship firms of farmers, directly engaged in Agriculture and Allied Activities, viz. dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture includes the […]
As per guidelines issued by MCA, From 1st April 2021, CSR Funding will be released only to that NGOs, Trusts, Religious Trusts, Societies, 12AA registered entities, 80 G granted entities, Section 8 Company that are registered with MCA by filing Form CSR-1.So, if such institutions willing to receive CSR Funding then it is mandatory for […]
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 […]
Mandatory Registrations for NGOs after 01.04.2021 – Form CSR-1, Section 80G and Section 12AB of Income Tax Act As per Notification issued by Ministry of Corporate Affairs dated 22nd January 2021, it is mandatory for all NGO’s which wants to raise CSR Funding to enrol with MCA w.e.f 01/04/2021 to get CSR Funding. And Filing […]
A. Income Tax Act, 1961 discourages transactions in cash through several of its provisions. This is done with a view to- counteracting money laundering and tax evasion; encouraging transparent business practices; providing enabling environment for growth of transparent businesses; & easing of auditing and investigations. B. The provisions relating to cash transactions are broadly summarized […]
Understanding the income tax rates for AY 2021-22 for individual, HUF, AOP, BOI, AJP, and firms. Know the tax brackets and rates based on income ranges.
Understand the Income Tax Rates for A.Y. 2021-22 (Company, Co-Op Society & Local Authority). Get insights into the applicable rates for different types of companies and foreign companies.
Dear Entrepreneurs, as we all know, after lockdown, MSME Industries are facing many challenges to survive in this competitive Market. Along with this, they are facing cash crunch. Even large enterprises are not able to meet their payment commitments within their payment cycle period. Some large enterprises are taking benefits of this critical situation and harassing MSME Enterprises.
Direct tax imposed on the Income of assesses, is very significant source of revenue to the government. Government needs money to run various welfare and developmental programmes and to maintain law and order in the nation. Therefore, any person whose taxable income for the previous year exceeds the exemption limit is liable to pay Income […]
Are you Charitable Trust/Institutions? Re-register now to continue to avail Tax Exemptions – New Forms notified In Pre-amendment era, the charitable trusts/Institution were enjoying the perpetual benefit of zero taxation on income earned out of property held by such trust/Institution. Interestingly, once the registration under section 10(23C)/12AA/35/80G/ is notified/granted, will remain in force till the […]
