CSR Scope – Now includes disaster relief
CSR spend under The Companies Act is to be incurred on prescribed activities listed out in Schedule VII of The Companies Act. These activities...
Forming a Sec.8 Co – Not so easy yet…
How to set up a Sec 8 Company
A sec 8 company, is a Not for Profit Organisation. It enjoys a Corporate status, attracts...
Mysterious Donations or Anonymous Donations
The reality of anonymous donations is recognized by the Tax law and NGO's who receive and are unable to identify who their donors are...
The New NGO – One with a Corporate Hat
Historically, in India, an NGO is associated with either a Trust or a Society in its legal form. Over recent years, a new legal...
Salaried Employees – How to optimize your taxes
The salaried class of taxpayers, mostly the middle class are the most tax regulated in our society. Employers would not like to infringe on...
How to Register U/s. 80G of Income Tax Act
Non Profits who undertake charitable activities require TWO types of Registration. ONE is where the organization's income is tax exempt as it carries out...
Typically donations received under Sec 80G are considered as Income and reflected in the credit side of the Income & Expenditure Account. Further, 85% of such income is required to be spent in the same year for the charitable purposes of the NGO under Sec 11(1) of the Income...
