Rationalisation of tax provisions for NGOs/NPOs

Rationalisation of tax provisions for NGOs/NPOs To enjoy tax-exempt status in respect of their income, the NPOs must comply with certain pre-requisites such as obtaining the registration with the tax authorities, and spending on charitable activities at least up to the prescribed thresholds. Not-for-profit organizations (NPOs) are private entities that pursue activities to promote theContinue reading “Rationalisation of tax provisions for NGOs/NPOs”

New Rules for Registration u/s 12AB & 80G w.e.f. 01st April 2021 (Trust & Non Profit Organization)

Dear Friends, Please find below YouTube link of New Rules for Registration u/s 12AB & 80G w.e.f. 01st April 2021 (Trust & Non Profit Organization) Notification No. 19/2021-Income Tax/G.S.R. 212(E) dated 26th March 2021 🎯 Registration, renewal of section 12AB & 80G approval 🎯 Validity period of registration 🎯 Registration certificate 🎯 Annual Statement ofContinue reading “New Rules for Registration u/s 12AB & 80G w.e.f. 01st April 2021 (Trust & Non Profit Organization)”