12aa Of Income Tax Act

12aa Of Income Tax Act

Jul 8, 2023

Introduction A comprehensive piece of law that controls taxation in India is called the Income Tax Act.. It lays down the provisions and guidelines for various tax-related matters, including exemptions and deductions. Section 12AA of the Income Tax Act holds significant importance in

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FCRA Act: An Introduction to the Foreign Contribution Regulation

FCRA Act: An Introduction to the Foreign Contribution Regulation

Jul 6, 2023

The Foreign Contribution Regulation Act (FCRA) is a significant legislation in India that regulates the acceptance and utilization of foreign contributions by individuals, associations, and organizations. Enacted in 1976, the FCRA aims to ensure that such contributions do not compromise the sovereignty and

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What is difference between NGO and trust?

What is difference between NGO and trust?

Jul 5, 2023

Introduction When it comes to nonprofit organizations, the terms NGO (Non-Governmental Organization) and Trust are often used interchangeably. While they share similarities in their missions and goals, there are distinct differences between the two. This article aims to explore and clarify the disparities

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Unlocking Opportunities: Benefits and Procedures of Society Registration

Unlocking Opportunities: Benefits and Procedures of Society Registration

Jul 5, 2023

Brief explanation of society registration, a process where organizations legally establish themselves as societies in order to operate and fulfill their mission within the framework of the law. B. Importance of understanding the benefits and procedures of society registration to maximize the potential

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Benefits of Trust Registration and Legal Requirements In India

Benefits of Trust Registration and Legal Requirements In India

Jul 5, 2023

Introduction Definition of trust registration: It refers to the legal process of formally establishing a trust. It involves creating a trust document, naming beneficiaries, appointing trustees, and fulfilling the necessary formalities to ensure the trust is recognized and enforceable. Benefits of Trust Registration

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What Are 12A and 80G Certificates: Understanding Their Significance

What Are 12A and 80G Certificates: Understanding Their Significance

Jun 30, 2023

Table of Contents Introduction When running a charity or non-profit group, it’s important to know about the different tax exemptions and certifications that are available. The 12A and 80G licenses are two important ones in this area. These papers are important for groups

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What is 12a and 80g?

What is 12a and 80g?

Jun 19, 2023

Introduction In the realm of nonprofit organizations and charitable institutions in India, certain provisions under the Income Tax Act, of 1961, play a vital role. Two such provisions are 12A and 80G, which provide significant benefits and incentives to organizations engaged in philanthropic

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How to Name Your Section 8 Companies?

How to Name Your Section 8 Companies?

Jun 19, 2023

Starting a Section 8 company in India requires careful planning and attention to detail. One crucial aspect of setting up such an organization is choosing an appropriate name. The name you select for your Section 8 company should reflect its purpose, values, and

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