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 …
Category: Blogs
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 …