NEWS – Page 9 – ngoenabler

Employees basic salary and all allowance must be club to calculate PF as per SC judgement

Posted by On March 11, 2020 / Comments 0

A landmark judgement has been passed by Supreme Court which will have a long term impact on the employers in all sectors Employees basic salary and all allowance must be…...

CBDT releases draft notification proposing new audit report Form for Trust/Institution.

Posted by On / Comments 0

CBDT releases draft notification proposing new audit report Form for Trust/Institution. The Form 10B has been proposed to be revised and a detailed annexure can be made an integral part…...

A major relief to the FCRA registered organizations!!

Posted by On / Comments 0

The organizations whose registration was cancelled on account of non-filing of annual returns for previous years, are given a chance to file their annual returns without penalty and also reapply…...

Finally E- Assessment is here!!

Posted by On / Comments 0

Income tax department will now go faceless with the assessees. The scheme has been notified here under: E-assessment to include 5 units ie. National e-assessment centres, regional e-assessment centres, assessment…...

Further tightening of norms under FCRA.

Posted by On / Comments 0

All office bearers of foreign-funded NGOs seeking FCRA licence including prior permission and renewal of registration must now file individual affidavits sharing details of their govt-issued identity proof; declare that…...

Aadhaar has been given the same stature as PAN in the Income Tax act :

Posted by On / Comments 0

The Word *"PAN"* has been substituted by *["PAN" or "Aadhaar Number"]* in the Entire Income Tax Laws: Vide Notification No. 95/2019 dated November-07-2019 *more than Hundreds of Forms, Statements, Audit…...

Recent Amendments in Income Tax

Posted by On / Comments 0

The regulators have always been making regular changes in Income Tax act. Here are some major recent amendments done: 1. TDS on additional payment made when purchasing immovable property. From…...

PF benefits also extend to contractual workers, holds Supreme Court

Posted by On / Comments 0

Recently, Supreme Court passed a verdict that employee provident fund benefits should also be extended to contract employees. So, teachers/staff who are contractual employee or are working on a part-time…...

Let’s have a look at what the Budget 2020 have for NGOs:

Posted by On / Comments 0

a) With a view to keep a check on the authenticity and genuineness of the activities of the organization, it has been proposed that even the existing charitable organizations registered…...

Vivaad se Vishwas Scheme 2020

Posted by On / Comments 0

Are charitable organizations eligible for the Scheme ? Yes, it's very much applicable and even charitable organizations can avail the benefit of the scheme. They too can complete their pending…...

Linking of PAN and Aadhar:-

Posted by On / Comments 0

If you were thinking that not linking the PAN and Aadhar will only make your PAN inoperative, that is only one of the consequences. As notified in the notification dated…...

SC: Performance of Charitable Activity not Compulsory for Registration of New Trust u/s 12AA of IT Act

Posted by On / Comments 0

Landmark judgement passed by the Supreme Court on 19.02.2020: Performance of Charitable Activity not Compulsory for Registration of New Trust u/s 12AA of IT Act. This has always been the…...

Can’t stop foreign funding for organisations that hold protests for public causes: SC on FCRA plea

Posted by On / Comments 0

Another landmark judgement passed by the Supreme Court in favour of charitable organizations , but this time on Foreigb funding. It states that only because such social organizations are supporting…...

Madras High Court on Salary to Missionaries

Posted by On March 27, 2019 / Comments 0

It seems that the payments made to sisters, fathers, nuns,missionaries etc....in capacity of teachers shall be liable to TDS u/s 192 irrespective of the fact that such salaries are not…...

Supreme Court Judgement – PF Calculation

Posted by On / Comments 0

A landmark judgement has been passed by Supreme Court which will have a long term impact on the employers in all sectors Employees basic salary and all allowance must be…...