FCRA Registration (FC-3A) : Guide for NGOs/Trusts/Societies Before applying for FCRA Registration (FC-3A), ensure that your NGO/Trust/Society has completed 3 years of genuine charitable activities, incurred at least ₹15 lakh of eligible expenditure, obtained a Darpan ID, opened the mandatory SBI FCRA Account, and prepared complete audited records and activity reports. Proper documentation significantly improves …
FCRA Amendment Rules, 2026 Explained: Major Compliance Changes Every NGO Must Know The Ministry of Home Affairs has notified the Foreign Contribution (Regulation) Amendment Rules, 2026, introducing comprehensive changes to the regulatory framework governing the receipt and utilization of foreign contributions by NGOs, trusts, societies, educational institutions, religious bodies, and other associations across India. Effective …
Rs 800-crore Corporate Social Responsibility funds misuse racket uncovered by Tax Dept Section 135 of the Companies Act, 2013 mandates certain companies to spend at least 2% of their average net profits on CSR activities. Many companies allegedly used fake trusts to show compliance while routing money back. Scale of Fraud: Over ₹800 crore CSR …
Whether NGO allowed permissible commercial activities & investment modes? The proposed Income Tax Bill, 2025, indeed aims to provide clarity for non-profit organizations (NPOs) on issues such as permissible commercial activities and investment modes. While these provisions are expected to bring more certainty and help reduce litigation, the call for further clarification is valid. Would …
GST Applicability on Religious place(NGO) like Dharamshalas The GST Law 2017 does provide certain exemptions for services related to religious places. These Following provisions help ensure that religious places meant for public use maintain their exemption status, but they also clarify the applicability of GST when additional commercial services are offered. Here’s a breakdown based …
Complete Decoding Form 10B/10BB For AY 2023-24 FORM 10B/10BB FOR AY 2023-24 Form 10b: Audit Report In The Case Of Charitable Trusts / Institutions:— · During the previous year; § Total income without giving effect of section 11&12 – exceeds Rs.5 Cr § Total income of the institutions of 10(23C) (iv), (v), (vi), (via) exceed …
Trusts/NGOs required to maintenance of Books u/s 10(23C) or Section 12A : New IT Rule 17AA Central Board of Direct Taxes issue the Notification new Income Tax Rule 17AA, which prescribed Books of Account & other information & documents that must be maintained & keep the records in the case of NGOs/Trusts/Universities/Medical Institutions /Educational/Hospitals etc. …
CBDT Extends Timeline of filling Form 10B, Form 10BB & ITR-7 AY 2023-24 This Article is giving overview of the requirements for filling NGO Audit reports for Form 10B, Form 10BB, & nd ITR-7 for the AY 2023-24. The Central Board of Direct Taxes Extends due date of furnishing audit reports Deadlines for Form 10B, …
All About Trust Deed Amendment & Supplementary Trust Deeds INTRODUCTION It is difficult to made an amend in the trust deed since a trust by its inherent nature is irrevocable. So, amending clause should be included in the trust deed itself. But, if the trust deed contains too many revision clauses, the trust may not …
Process of submission of Form 10A at New e-filing portal CBDT compulsory all the non-governmental organization or institutions/ trust/societies/ fund/ hospitals registered NGO U/s 12A and Sec 80G or Sec 12AA to be taken fresh Income tax registration in the specified format U/s 10(23C). The non-governmental organization applicant needs to make an application in Income tax Form 10A with …