Supreme Court ruled that charitable organizations whose activities make ‘profits’ cannot claim tax exemption Last month, the Supreme Court pronounced a landmark judgement after hearing two key issues relating to charitable organizations (a) scope of the expression “general public utility” and (b) scope of exemption to educational institutions claiming tax exemption as charitable institutions. The word charitable purpose is defined …
Blog
Are you a Responsible Business?
Understanding The National Guidelines For Responsible Business Conduct (NGRBCs) The world today is facing colossal Climate change and other Environmental challenges; the continuity of life on earth is at stake if we do not take immediate actions. Fortunately, the hard-work of activists has paid off and there is recognition in all quarters be it government, business houses or public at …
Mandatory books of accounts and other documents to be maintained by Not for Profit Organizations
For charitable organizations which are tax exempt, Govt of India has now framed a rule which is already effective for maintenance of books of accounts and other documents to be kept and maintained at registered office of the organization. Failure to comply with the rules may lead to denial of exemption under section 11 and 12 of Income Tax Act, …
Establishment of Social Stock Exchange SSE in India
Securities & Exchange Board of India (SEBI) has notified establishment of Social Stock Exchange (SSE) in India. The SSE will provide an additional avenue for accessing and raising social funds for promoting the development agenda in the country and meeting the Sustainable Development Goals (SDGs). Not for profit organisations like Society, Trust or Section 8 company and For Profit Enterprises …
Dates for filing return for charitable organizations
Hurry!!! Do not miss to file income tax return and forms of your charitable organisation for FY 2021-22 in time. As per Income Tax Act, Income Tax Return in Form ITR-7 for FY 21-22 has to be filed by a charitable organisation not later than 31st October 2022 which is the due date of filing return failing which the benefit of …
Partnerships for the greater good
Bringing genuine NGOs and Interested Donors together
Accreditation is the key
No recognition after all the paperwork? Get Certified.
Being consistent and up to date
Never miss a paperwork that can leave your organization in a spot of bother
Learning and Development
Building institutional strength through Compliance capacity building both on statutory compliance and donor compliance. Also facilitate capacity building of CSR donors for better understanding of nuances and perspective of NPO sector.
Compliance Fulfillment
Various services like compliance with laws of the land both for not for profits and CSR and undertaking audits and assurance and related value added services.